Riyadh – The board of Saudi Cement Company has decided to pay out 15% cash dividends to shareholders for the first half (H1) of 2020, according to the company's disclosure to the Saudi Stock Exchange (Tadawul) on Wednesday.
The cash dividends distributed over 153 million shares stand at SAR 1.50 per share and a total amount of SAR 229.50 million.
The payment of dividends will be carried out by Riyad Bank on 25 June 2020.
In the first quarter (Q1) of 2020, the company's net profits rose by 11.48% to SAR 147.6 million, compared with SAR 132.4 million for Q1-19.
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.
