Qassim Cement Co.’s board of directors has recommended a 5 percent cash dividend for the fourth quarter of 2018, at SAR 0.5 per share, amounting to SAR 45 million.

 

Meanwhile, the company’s shareholders have elected board members for the upcoming three-year term starting on Jan. 1, 2019, during the extraordinary general assembly meeting held on Wednesday.

 

The new board includes Omer al Omer, Adel AlKhrashi, Mohammed Al Anqari, Tariq Bin Mutlaq Al Mutlaq, Mohammed Al Maashouq, Abdul Majeed Al Haqbani, Saad Al Mushawah, Saad Al Olayan and Ahmed Al Sultan.

 

The general assembly have also approved amending the company’s bylaws and approved transferring SAR 20,000 from general reserve to retained earnings account.

 

Dividend Details (Q4 2018)

Current Capital

SAR 900 mln

Number of shares

90 mln

Dividend

SAR 45 mln

Percentage of capital

5% (SAR 0.5 per share)

Record date

Dec. 26, 2018

Payment date

Jan. 15, 2018

Dividend for FY 2018

Total dividend

SAR 157.5 mln

Percentage of capital

17.5% (SAR 1.75/share)

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أبو عبدالله 70

منذ 2 سنه

قطاع التعليم من القطاعات الواعدة استثماريا خصوصا مثل نشاط هذه الشركة .. ولكن دخلت قبل قليل منصة " إمكان " ولم يتم تغطية إلا 28% تقريبا ومتبقي عشرة أيام على إقفال الاكتتاب . بالتوفيق .  

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