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Northern Cement approves H2 dividends

Northern Cement approves H2 dividends
The company’s capital amounts to SAR 1.8 billion (Photo Credit: Company Website)
NORTHERN CEMENT
3004
1.29% 7.09 0.09

Riyadh – Mubasher: Northern Region Cement Company said its shareholders gave the go-ahead on Monday, 13 March,  to 4.5% cash dividends, equivalent to 45 halala per share, for the second half of 2016, according to a bourse statement.

Total approved dividends stand at SAR 81 million for H2-16.

The company’s capital amounts to SAR 1.8 billion, distributed on 180 million shares at SAR 10 per share.

The cement firm's stock fell 1.6% to close at SAR 11.05 on Monday.