Arabian Cement EGA approves 40% dividend for FY16

19/04/2017 Argaam

Arabian Cement Co.’s extraordinary general assembly on April 18 has approved a 40 percent cash dividend for fiscal year 2016, which amounts to SAR 400 million or SAR 4 per share, the company said in a statement to Tadawul.

 

Shareholders also reapproved deals with Ready Mix Concrete & Construction Supplies Ltd. for next year. Last year’s contracts were worth about SAR 80.8 million.  

 

The extraordinary general assembly has approved the new board of directors for the new one-year term starting on Jan. 1, 2018. 

Comments {{getCommentCount()}}

Be the first to comment

loader Train
Sorry: the validity period has ended to comment on this news
Opinions expressed in the comments section do not reflect the views of Argaam. Abusive comments of any kind will be removed. Political or religious commentary will not be tolerated.