PHOTO
An investor monitors a screen displaying stock information at the Saudi Stock Exchange (Tadawul) in Riyadh, Saudi Arabia January 18, 2016. Image used for illustrative purpose. Faisal Al Nasser
Saudi Cement Company announced cash dividends valued at SAR 191.25 million, representing 12.50% of the capital, for the first half (H1) of 2024.
The company will pay out a dividend of SAR 1.25 per share for 153 million eligible shares, according to a bourse disclosure.
Eligibility and payment dates for the H1-24 dividends will be 9 and 26 June 2024, respectively.
The board members of Saudi Cement approved the cash dividends during their meeting on 5 June.
In the first quarter (Q1) of 2024, the company’s net profits declined by 8.07% to SAR 113.80 million from SAR 123.80 million in Q1-23.
Earnings per share (EPS) dropped to SAR 0.74 as of 31 March 2024 from SAR 0.81 a year earlier, while the sales grew by 4.12% to SAR 426.50 million from SAR 409.60 million.
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