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Saudi Cement to pay SAR 1.75/shr dividends for H2-17

Saudi Cement to pay SAR 1.75/shr dividends for H2-17
At a total value of SAR 267.75 million, Saudi Cement will distribute the dividends on 25 April
SAUDI CEMENT
3030
0.81% 50.10 0.40

Riyadh – Mubasher: Saudi Cement Co announced that its ordinary general meeting (OGM) had approved the board's recommendation to distribute 17.5% of the capital in cash dividends for the second half of 2017.

The cement producer will pay a per-share dividend of SAR 1.75 to the entitled shareholders, according to a statement to the Saudi Stock Exchange (Tadawul) on Monday.

At a total value of SAR 267.75 million, Saudi Cement will distribute the dividends on 25 April to the entitled shareholders of the record date.

As for the first half of 2017, Saudi Cement’s shareholders approved paying 22.5% of the capital or SAR 2.25 per share at a total value of SAR 344.25 million.