Mubasher TV
Contact Us Advertising   العربية

Sharjah Cement proposes 6.5% dividends for FY18

Sharjah Cement proposes 6.5% dividends for FY18
Sharjah Cement’s board proposes paying 6.5 fils per share dividends for FY18
Sharjah Cement
SCIDC
0.17% 0.60 0.00

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.