Riyadh – Mubasher: The board of Qassim Cement Company proposed distributing SAR 99 million for the first quarter (Q1) of 2021 to the entitled shareholders, setting the eligibility date on 4 May.

The company will pay SAR 1.1 per share, representing 11% of the share’s nominal value, on 30 May, according to a bourse filing on Sunday.

The number of shares eligible for the dividends is 90 million.

Last year, Qassim Cement had achieved higher net earnings worth SAR 419.8 million, and the board recommended dividends worth SAR 108 million for the fourth quarter (Q4) of 2020.