Hail Cement shareholders to vote on 5% dividend for 2020 on March 22

02/03/2021 Argaam

Hail Cement Company logo

Hail Cement Co.’s shareholders will vote on the board’s proposal for distributing a 5% cash dividend, or SAR 0.5 per share, for 2020 in the ordinary general meeting scheduled for March 22, 2021, the company said in a bourse statement.

 

Dividend Details (2020)

Current Capital

SAR 979 mln

Number of shares

97.9 mln

Dividend

SAR 48.95 mln

Percentage of capital

5% (SAR 0.50 per share)

Record date

Shareholders registered at Edaa on the second trading day following the general meeting date

Payment date

To be announced later

 

The shareholders will also vote on authorizing the board of directors to distribute interim dividends on a quarterly or biannual basis for the fiscal year 2021.

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