Saudi Yamama Cement's OGM agrees on SAR 0.50/shr dividends for 2019

The distribution of cash dividends stands at SAR 0.50 per share


Riyadh –  The ordinary general meeting (OGM) of Yamama Cement Company has approved the board's proposal to distribute cash dividends at a rate of 5% of the company's capital for 2019.

The distribution of cash dividends stands at SAR 0.50 per share, totalling SAR 101.25 million, the company disclosed to the Saudi Stock Exchange (Tadawul) on Tuesday.

During the meeting, the shareholders have set 20 April as the date of cash dividends' distribution.

It is noteworthy to highlight that in 2019, the company's net profits amounted to SAR 278,249, against net losses of SAR 51,840 in 2018.

Source: Mubasher

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