Riyadh – Mubasher: Qassim Cement’s ordinary general meeting (OGM) has approved the distribution of cash dividends at SAR 0.80 per share with a total amount of SAR 72 million for the fourth quarter of 2017.

Eligibility will be for shareholders registered in the group’s registry at the depository centre by the end of trading on Sunday, 4 March while distributions will take place on Tuesday, 18 March, according to a bourse filing on Sunday.

The OGM also approved the dividends announced for previous quarters of 2017, Qassim Cement said, indicating that the total value of approved dividends had reached SAR 189 million.

For the full year 2017, Qassim Cement distributed about SAR 261 million in dividends, representing 29% of its capital. The shareholders approved the board and auditors reports.

Qassim Cement's net profits retreated 37.84% to SAR 251.79 million during 2017, compared to SAR 405 million in 2016.

Qassim Cement’s stock last shed 0.75%, closing Thursday at SAR 45.26.