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Southern Province Cement proposes SAR 2.5/shr dividend for H2-20

Southern Province Cement proposes SAR 2.5/shr dividend for H2-20
The company’s board has proposed 25% of the share’s nominal value in H2-20 dividends.
SPCC
3050
-0.59% 84.00 -0.50

Riyadh – Mubasher: Southern Province Cement Company is considering a cash dividend distribution of SAR 350 million to shareholders for the second half (H2) of 2020.

The company’s board has proposed SAR 2.5 per share or 25% of the share’s nominal value in H2-20 dividends, according to a bourse disclosure on Wednesday.

Eligibility of dividends will be to the shareholders at the end of the ordinary general meeting’s (OGM) meeting day, 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 due date.