Riyadh – Mubasher: The board of Qassim Cement Company (QCC) has recommended the distribution of SAR 90 million as cash dividends to shareholders for the first quarter (Q1) of 2020.

The proposed dividends will be distributed at SAR 1 per share, representing 10% of the share’s nominal value, according to the company’s statement to the Saudi Stock Exchange (Tadawul).

During the three-month period ended on 31 March 2020, the cement company’s net profit nearly doubled, increasing by 98.46% to SAR 111.168 million, compared with SAR 56 million in Q1-19, as recently shown by its interim financial results.