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Saudi Cement plans SAR 2/shr dividends for H2-20

Saudi Cement plans SAR 2/shr dividends for H2-20
The recommended distributions represent 20% of the share’s par value.
SAUDI CEMENT
3030
-6.99% 46.60 -3.50

Riyadh – Mubasher: The board of Saudi Cement Company proposed a cash dividend distribution of SAR 306 million to shareholders for the second half (H2) of 2020.

The recommended distributions are equal to SAR 2 per share or 20% of the share’s par value, according to a stock exchange statement on Wednesday.

Eligibility of dividends will be to the shareholders at the end of the next ordinary general meeting (OGM), as per the registered shareholders in the register of the Securities Depository Center Company (Edaa) at the end of the second trading day following the OGM’s meeting date, which will be announced later on.