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Gulf Cement to pay 5% dividends for FY18

Gulf Cement to pay 5% dividends for FY18
Gulf Cement’s capital amounts to AED 821.10 million
Gulf Cement
GCEM
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Abu Dhabi – Mubasher: Gulf Cement on Sunday announced that the company’s general assembly has approved distributing 5% cash dividends, or AED 41.029 million, to shareholders for the full-year 2018.

The company will pay a dividend of 5 fils per share for the year ended 31 December 2018, according to a filing to the Abu Dhabi Securities Exchange (ADX).

Gulf Cement’s capital amounts to AED 821.10 million, divided into 821.10 million shares at a par value of AED 1 a share.

The dividends will be paid on 28 April, the statement said.

It is worth noting that the company posted a loss of AED 32.99 million during the full-year 2018, against AED 40.61 million in profits a year ago.