Eastern Cement shareholders to vote on 2018 dividend on April 30

Eastern Province Cement Co.’s shareholders will vote April 30 on a 7.5 percent cash dividend for the fiscal year of 2018, at SAR 0.75 per share, amounting to SAR 64.5 million, the firm said in a bourse statement.

Shareholders will also vote on the firm’s financial statements and audit report for fiscal year 2018.

The ordinary general assembly will vote on appointing the cement producer’s external auditor for Q2, Q3 and fiscal year 2019, as well as the first quarter of 2020, the statement said.

Shareholders will also vote on the contracts and deals signed with affiliate company Arabian Yemen Cement for the year, as well as the board of directors’ total remunerations of SAR 1.8 million, it added.