Saudi Cement approves dividend for H2 2017

16/04/2018 Argaam

 

Saudi Cement Co.’s general assembly has approved a 17.5 percent cash dividend for the second half of 2017, at SAR 1.75 per share, amounting to SAR 267.75 million.

 

Shareholders also authorized the company’s board to distribute cash dividend for the fiscal year 2018 on a semi-annual or quarterly basis, the cement firm said in a bourse filing.

 

Cash Dividend Details (H2 2017)

Current Capital

SAR 1.530 bln

Number of shares

153 mln

Cash dividend

SAR 267.75 mln

Percent capital

17.5% (SAR 1.75 per share)

Record date

April 15, 2018

Payment date

April 25, 2018

Dividend for FY 2017

Total cash dividend

SAR 612 mln

Percent of capital

40% (SAR 4/share)

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