Qassim Cement approves 8% dividend for Q4 2017

04/03/2018 Argaam

 

Qassim Cement Co.’s shareholders approved an 8 percent cash dividend (SAR 0.80 per share) for Q4 2017, bringing the full-year dividend to SAR 2.9 per share.

 

The general assembly also authorized the board of directors to maintain quarterly dividends throughout the year.

 

Cash Dividend Details (Q4 2017)

Current Capital

SAR 900 mln

Number of shares

90 mln

Cash dividend

SAR 72 mln

Percent capital

8% (SAR 0.80 per share)

Record date

March 1, 2018

Payment date

March 18, 2018

Dividend for FY17

Total cash dividend

SAR 261 mln

Percent of capital

29% (SAR 2.9/share)

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