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Southern Cement OKs cash dividend for FY14

Southern Cement OKs cash dividend for FY14
Photo Credit: Arabianeye-Reuters
SPCC
3050
-3.68% 39.30 -1.50

Riyadh-Mubasher: Southern Province Cement Co. said its ordinary general meeting gave the go-ahead for paying cash dividend for the fiscal year 2014 at 50% of paid-up capital, or SAR 5 per share, totaling SAR 700 million.

The Saudi cement producer paid SAR 2 per share for the first half of 2014.

Shareholders of record on 19 March are entitled to H2 dividend which will be paid at SAR 3 a share on 26 April, via the Arab National Bank.