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Saudi Cement’s OGM approves dividends for H1, H2-20

Saudi Cement’s OGM approves dividends for H1, H2-20
Saudi Cement’s OGM approved disbursing 20% of the capital as H2-20 dividends
SAUDI CEMENT
3030
-0.31% 64.00 -0.20

Riyadh – Mubasher: The ordinary general meeting (OGM) of the Saudi Cement Company gave the green light for distributing 15% of the capital as cash dividends for the first half (H1) of 2020.

The company will pay SAR 1.5 per share at a total value of SAR 229.5 million, according to a disclosure to Tadawul on Thursday.

Last June, the company’s board decided to distribute SAR 1.5 for 153 million shares as H1-20 dividends.

The shareholders also approved, during the OGM on 7 April, disbursing 20% of the capital as dividends for the second half (H2) of 2020. Saudi Cement will pay SAR 2 a share at a total value of SAR 306 million starting 19 April.

The board has recommended H2-20 dividends to the entitled shareholders earlier this year.