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.