Riyadh-Mubasher: Yanbu Cement is expected not to maintain the current cash dividend level, Alistithmar Capital said in a recent report

The company announced cash dividends for 2015 at SAR 5 a share, or 97% of net earnings.

The research firm said Q4-15 net earnings of SAR 209 million almost matched its forecasts of SAR 213 million.

The cement producer's sales increased 19% to 1.868 million tonnes, compared with 1.566 million tonnes in the year-ago period.    

The think tank set the stock's fair value at SAR 61, based on the discounted cash flow model, with upside potential of 1.5%.