Riyadh-Mubasher: Saudi Cement Co. said its board recommended cash dividends for the second half of 2015 at 30% of the stock's par value, or SAR 3 a share, totalling SAR 459 million, or 118.29% of H2 earnings reaching SAR 388 million.

Shareholders of record on the general meeting date will be eligible for the dividends.

The meeting is slated for March 2016, the company said in a bourse statement, adding that the payment date will be announced later.         

The cement producer posted earnings of SAR 180 million for the fourth quarter of 2015, down 33% compared with SAR 268 million in the same period a year earlier.