Saudi Cement to approve H2 2018 cash dividend in April

Saudi Cement Co.’s shareholders on April 16 will discuss the board’s recommendation on paying cash dividend at 17.5 percent of capital, or SAR 1.75 a share, totaling SAR 267.75 million for H2 2018, the company said in a bourse filing.

The cash dividend will be paid on May 1, 2019.

During the meeting, H1 2018 cash dividend at 15 percent of capital, or SAR 1.5 a share, totaling SAR 229.5 million will be approved.

Shareholders will also discuss the board of directors’ report, an audit report and all financial statements for FY ending on Dec. 31, 2018.

Shareholders will also discharge board members from liability associated with their activities in 2018, and approve the payment of SAR 4.94 million in board bonuses for FY ending on Dec. 31, 2018.