SCIDC
Mubasher: The board members of Sharjah Cement and Industrial Development Co recommended distributing 6.5% of capital as a cash dividend for fiscal year 2018, according to a bourse statement on Sunday.
Sharjah Cement’s board proposes paying 6.5 fils per share dividends for FY18 as a total of AED 39.54 million, according to data collected by Mubasher.
The company, listed on both Boursa Kuwait and the Abu Dhabi Securities Exchange (ADX), has a capital standing at AED 608.25 million.
The board members called for holding an ordinary general meeting (OGM) on 23 March to consider the proposal.
During FY18, Sharjah Cement posted a decrease of 54.6% in profits to AED 29.4 million compared to AED 64.78 million in 2017.