Vassiliko Cement Works Endorses AGM Resolutions And Announces Dividend Distribution

AGM Approval And Operational Overview

Vassiliko Cement Works Public Company Ltd has confirmed the approval of all resolutions presented at its annual general meeting (AGM) held on June 5, 2025. The firm, a leader in clinker and cement production, meticulously oversees five dedicated quarries—including Cyprus’s largest limestone quarry, a reef limestone quarry, two clay quarries, and a gypsum quarry—to ensure an uninterrupted supply of high-quality raw materials, underscoring its operational robustness.

Financial Reports And Dividend Declarations

The AGM ratified the management report and comprehensive financial statements for the year 2024, which are accessible on the company’s official website. In a firm demonstration of fiscal integrity, shareholders approved the disbursement of a total dividend of €12.94 million, equivalent to €0.18 per ordinary share. This dividend allocation comprises €0.06 derived from 2023 profits and €0.12 from 2024 retained earnings.

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Shareholders registered in the Cyprus Stock Exchange registry on June 18, 2025, will receive the dividend, with the company’s shares trading ex-dividend as of June 17, 2025. Investors completing transactions by the close of trading on June 16, 2025, are eligible for the dividend, including beneficiaries of off-exchange share transfers finalized by the record date. The dividend payment is scheduled for execution by July 15, 2025.

Board Reconstitution And Director Compensation

The meeting also reaffirmed strategic leadership with the re-election of Directors George St. Galatariotis, Mihail Polendakov, and Ioannis Savvides, who had retired by rotation. Shareholders endorsed the remunerations report, setting director fees for 2025 at €30,000 for the chairman and €25,000 for each board member, in addition to a representation allowance of €300 per meeting for board and committee attendance.

Audit Appointment And Future Outlook

Concluding the AGM, PricewaterhouseCoopers Limited was appointed as the company’s auditor for 2025, with the board entrusted with determining the auditors’ remuneration. This series of decisive resolutions highlights Vassiliko Cement Works’ unwavering commitment to corporate governance and financial transparency, positioning the company for sustained strategic growth in an increasingly competitive industry.

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Apple Surpasses Nvidia As Investors Reassess The True Cost Of The AI Boom

by THEFUTURE.TEAM

July 28, 2026

Apple Reclaims Title As World’s Most Valuable Company

Apple has overtaken Nvidia to become the world’s most valuable publicly traded company again, highlighting a shift in investor sentiment as markets reassess the costs and returns of the artificial intelligence boom.

Apple Regains The Top Spot

Apple (AAPL) ended Monday with a market capitalization of $4.95 trillion, surpassing Nvidia (NVDA), whose valuation fell 5% to $4.77 trillion. It was the first time since April 2025 that Apple closed a trading session ahead of the AI chipmaker.

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The move comes ahead of Apple’s quarterly earnings report on Thursday, which investors will closely watch for updates on the company’s AI strategy and broader business performance.

Investors Reassess AI Spending

Nvidia’s decline reflects a broader pullback in AI-related semiconductor stocks as investors increasingly scrutinize the returns on heavy infrastructure spending. The company had held the top valuation since June 2025, when it overtook Microsoft, and briefly surpassed a $5 trillion market capitalization in October.

At the same time, investor interest has broadened beyond graphics processing units to other parts of the AI supply chain, including memory and storage technologies that support expanding data center capacity. Companies such as Micron Technology (MU), SK Hynix and Sandisk (SNDK) have benefited from that shift as demand for AI-related memory and storage infrastructure continues to grow.

Apple’s Capital Strategy Draws Attention

Apple shares have gained 24% so far this year, compared with a 4% increase for Nvidia.

Investors have viewed Apple’s more measured AI spending strategy favorably. Rather than investing heavily in its own AI infrastructure, the company has relied more extensively on leased computing capacity, limiting capital expenditure while continuing to expand its AI capabilities.

The contrast comes as markets increasingly focus on how quickly large AI investments can generate sustainable financial returns.

Earnings In Focus

Apple’s earnings report could also provide an update on the impact of the global memory chip shortage, which has emerged as a growing challenge for hardware manufacturers.

The company raised prices for some Mac and iPad models in June, becoming one of the first major consumer technology companies to publicly reflect higher memory component costs.

Investors will be watching whether Apple can sustain its recent market outperformance as AI-related infrastructure costs continue to rise and supply constraints persist.

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