Saudi Cement plans 20% dividends

Number of eligible shares standing at 153mln shares

Riyadh – Mubasher: The board of Saudi Cement Company has recommended the distribution of SAR 306 million in cash dividends to shareholders for the second half (H2) of 2019.

With the number of eligible shares standing at 153 million shares, dividends will be distributed at SAR 2 per share, representing 20% of the share’s par value, according to a statement to the Saudi Stock Exchange (Tadawul) on Thursday.

Saudi Cement reported SAR 83 million in net profits for Q3-19, compared with SAR 75.4 million for the same period a year earlier.

Source: Mubasher

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