Riyadh Cement shareholders OK 7.5% cash dividend for H2 2022, authorize board to pay interim dividends for 2023

04/05/2023 Argaam
Logo ofRiyadh Cement Co.

Logo of Riyadh Cement Co.

Shareholders of Riyadh Cement Co. approved the board’s recommendation on a 7.5% cash dividend, or SAR 0.75 per share, for the second half of 2022, during the ordinary general meeting (OGM) held on May 3.

 

Dividend Details (H2 2022)

Current Capital

SAR 1.20 bln

Number of Shares

120 mln

Total Dividend

SAR 90 mln

Percentage of Capital

7.5% (SAR 0.75 a share)

Record Date

May 3, 2023 (Shareholders registered with Edaa by the close of the second trading day after the OGM date.

Date of Payment

May 11, 2023

 

Dividend Details (2022)

Total Dividend

SAR 180 mln

Percentage of Capital

15% (SAR 1.5 a share)

 

In a statement to Tadawul, Riyadh Cement added that the board was also authorized to pay interim dividends on a semi-annual or quarterly basis for 2023.

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