Northern Cement's board proposes 2.5% dividends distribution for H1-20

The dividend distribution stands at SAR 0.25 per share

  

Riyadh –  The board of the Northern Region Cement Company has recommended paying out cash dividends equivalent to 2.5% of the capital for the first half (H1) of 2020.

The cash dividends will be distributed at SAR 0.25 per share, with a total amount of SAR 45 million, according to the company's disclosure to the Saudi Stock Exchange (Tadawul) on Sunday.

It is noteworthy to mention that during the second quarter (Q2) of 2020, the company's profits declined by 0.16% to SAR 14.042 million, compared to SAR 14.065 million in the year-ago period.

Source: Mubasher

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