Riyadh - Mubasher: The board of Yanbu Cement recommended the distribution of cash dividends to shareholders for the second half of FY 2016 at SAR 2 per share.

According to the company’s statement to the Saudi Stock Exchange (Tadawul) on Sunday, recommended cash dividends total SAR 157.5 million or 20% of the shares’ nominal value.

Yanbu said that the eligibility of dividends shall be for the shareholders registered in the registers of the Securities Depository Center (Tadawul) on the end of the day of the general assembly meeting which will be determined after the approval of the regulatory authorities, and that the dividend distribution date is also yet to be announced.