Riyadh Cement Co.’s shareholders approved a board recommendation to distribute 10% cash dividend for the second half of 2020, at SAR 1 per share, during the ordinary general meeting (OGM) held on April 22, 2021, the company said in a bourse statement.
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Dividend Details (H2 2020) |
|
|
Current Capital |
SAR 1.2 bln |
|
Number of shares |
120 mln |
|
Dividend |
SAR 120 mln |
|
Percentage of capital |
10% (SAR 1 per share) |
|
Record date |
April 21, 2021 (Shareholders registered in the company’s register at the Securities Depository Center (Edaa) at the end of the second trading day following the general meeting date) |
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Payment date |
To be set later |
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Total Dividend for 2020 |
|
|
Total Dividend |
SAR 210 mln |
|
Percentage of capital |
17.5% (SAR 1.75 a share) |
Shareholders also authorized the board of directors to distribute interim dividends on a semi-annual or quarterly basis for 2021.
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