Qassim Cement Co.’s board of directors has recommended a 5 percent cash dividend for the fourth quarter of 2018, at SAR 0.5 per share, amounting to SAR 45 million.
Meanwhile, the company’s shareholders have elected board members for the upcoming three-year term starting on Jan. 1, 2019, during the extraordinary general assembly meeting held on Wednesday.
The new board includes Omer al Omer, Adel AlKhrashi, Mohammed Al Anqari, Tariq Bin Mutlaq Al Mutlaq, Mohammed Al Maashouq, Abdul Majeed Al Haqbani, Saad Al Mushawah, Saad Al Olayan and Ahmed Al Sultan.
The general assembly have also approved amending the company’s bylaws and approved transferring SAR 20,000 from general reserve to retained earnings account.
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Dividend Details (Q4 2018) |
|
|
Current Capital |
SAR 900 mln |
|
Number of shares |
90 mln |
|
Dividend |
SAR 45 mln |
|
Percentage of capital |
5% (SAR 0.5 per share) |
|
Record date |
Dec. 26, 2018 |
|
Payment date |
Jan. 15, 2018 |
|
Dividend for FY 2018 |
|
|
Total dividend |
SAR 157.5 mln |
|
Percentage of capital |
17.5% (SAR 1.75/share) |
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