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

All Rights Reserved - Mubasher Info © 2005 - 2020 Provided by SyndiGate Media Inc. (Syndigate.info).

Disclaimer: The content of this article is syndicated or provided to this website from an external third party provider. We are not responsible for, and do not control, such external websites, entities, applications or media publishers. The body of the text is provided on an “as is” and “as available” basis and has not been edited in any way. Neither we nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this article. Read our full disclaimer policy here.

More From Equities