Dangote Cement Declares ₦30 Dividend, Re-elects Board Members at 16th AGM

Dangote Cement Plc has approved a final dividend of ₦30.00 per share following shareholder resolutions passed at its 16th Annual General Meeting (AGM) held on Monday, June 23, 2025, at Eko Hotels & Suites, Victoria Island, Lagos.

The dividend payment is to be disbursed on the same day from the company’s retained earnings.

The AGM saw shareholders endorse key resolutions, including the presentation of the audited financial statements for 2024 and the reports of the directors, auditors and statutory audit committee.

The dividend decision reflects the company’s continued strong performance and commitment to shareholder returns.

In a move to ensure continuity and board stability, shareholders re-elected key directors who retired by rotation. These include Aliko Dangote (GCON), Ernest Ebi (MFR), Viswanathan Shankar, Cherie Blair (KC) and Douraid Zaghouani.

The board was also granted authority to fix the remuneration of the company’s auditors for the 2025 financial year, in line with standard corporate governance practices.

Also, the AGM approved the election of Robert Ade-Odiachi, Sheriff Yussuf Mojirola and Nicholas Nyamali to the Statutory Audit Committee. They will serve alongside company appointees Ernest Ebi and Olakunle Alake until the next AGM.

In compliance with Section 257 of the Companies and Allied Matters Act (CAMA) 2020, the remuneration of the company’s managers was disclosed.

Shareholders also approved an ordinary resolution setting the annual remuneration of the Chairman at ₦20 million and ₦15 million for each Non-Executive Director for the financial year ending December 31, 2025.

The company disclosed that Mrs. Cherie Blair, KC, attained the age of 70, in line with Section 278(1) of CAMA 2020, which requires such notification for directors.

Furthermore, a general mandate was granted authorizing the company, through its directors, to enter into recurrent transactions with related parties or associated companies. This mandate remains effective until it is reviewed at a future AGM.

Dangote Cement remains Nigeria’s largest cement producer and a key driver of infrastructure development across Africa. The 2025 AGM resolutions reaffirm the company’s operational transparency, compliance posture and strategic focus on long-term shareholder value.