Saudi Cement Company’s (Saudi Cement) board of directors has recommended a 17.5 percent cash dividend for the second half of 2017, at SAR 1.75 per share, amounting to SAR 267.75 million.

 

The company had paid a dividend of SAR 5.5 per share for fiscal year 2016 and SAR 6.0 per share for FY2015, according to data compiled by Argaam.

 

Cash Dividend Details

Current capital

SAR 1.53 bln

Number of shares

153 mln

Cash dividend

SAR 267.75 mln

Percent capital

17.5% (SAR 1.75 per unit)

Record date

General assembly meeting

Payment date

To be announced

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