Riyadh – Mubasher: Hail Cement Company will be distributing a cash dividend of SAR 0.5 per share to eligible shareholders for the first nine months (9M) of 2021.

The company will pay a total of SAR 48.95 million, representing 5% of the capital, for 97.9 million shares, according to a bourse filing on Sunday.

Hail Cement announced that the eligibility and distribution dates will be on 9 and 23 December, respectively.

The company posted a year-on-year (YoY) decrease of 44% in net profits to SAR 47.17 million in 9M-21, compared to SAR 84.8 million.