Abu Dhabi – Mubasher: The ordinary general meeting (OGM) of Sharjah Cement and Industrial Development Company on Saturday approved the board’s recommendation to distribute 8% of capital as a cash dividend for the fiscal year 2017.

The last dividend date will be on 1 April, while the maturity date will be 3 April, according to a bourse statement on Sunday.

Sharjah Cement, which is listed on Boursa Kuwait and the Abu Dhabi Securities Exchange (ADX), will pay the dividends on 22 April.

During FY17, the UAE-based cement producer posted a growth of 1.5% in profits to AED 65 million compared to AED 64 million in FY16.