Riyadh – Mubasher: The board of Saudi Cement approved the distribution of cash dividends for the first half of 2017.

The company will pay dividends at SAR 2.25 per share, totaling SAR 344.25 million and representing 22.55% of the nominal value, according to a bourse statement on Wednesday.

The distribution will start 20 June through Riyad Bank.

Shareholders of record at the end of the trading day of 6 June and who are registered in the Depository Center Company (Edaa) at the following day of trades will be entitled to the dividends.

Saudi Cement said its profits declined 37.26% year-on-year to SAR 165 million during the first quarter of 2017, compared to SAR 263 million in Q1-16.