Abu Dhabi – Mubasher: Sharjah Cement and Industrial Development Co will hold its ordinary general meeting (OGM) on 24 March to discuss the board’s recommendation to distribute 8% of capital as a cash dividend for fiscal year 2017.

The shareholders will also consider the financial position of Sharjah Cement, which is listed on both Boursa Kuwait and the Abu Dhabi Securities Exchange (ADX), in addition to reviewing the report made by the auditors for fiscal year 2017, according to a bourse statement on Wednesday.

During FY17, Sharjah Cement achieved a growth of 1.5% in profits to AED 65 million compared to AED 64 million in the previous year.