Qassim Cement to distribute dividends on quarterly basis

Qassim Cement Company’s board of directors has said it plans to distribute cash dividends to its shareholders on a quarterly basis starting first quarter 2015.

The recommendation is pending the approval of the next ordinary general assembly meeting, according to the company’s statement to Tadawul, Saudi Arabia’s bourse.

The Saudi-based cement manufacturer has distributed dividends to its shareholders on a semi-annual basis in past years, according to data compiled by Argaam.