Abu Dhabi – Mubasher: Sharjah Cement and Industrial Development on Sunday announced that its general assembly has approved distributing a cash dividend worth 6.5 fils per share for the year ended 31 December 2018.

The company will pay total dividends of around AED 39.54 million, or 6.5% of the capital, the cement producer said in a statement to the Abu Dhabi Securities Exchange (ADX).

Sharjah Cement’s capital amounts to AED 608.25 million divided into 608.25 million shares at a par value of AED 1 a share.

During the full-year 2018, the company, which is listed on both the ADX and Boursa Kuwait, registered a decline of 54.6% in profits.