Al Jouf Cement said to freeze dividends on high debt

22/04/2015 Argaam
Although Al Jouf Cement Co. reported higher-than-expected financials in first quarter, the cement producer is projected to withhold dividends for the current fiscal year and 2016, said Saudi Fransi Capital.
 
Unlike the well-positioned Saudi Cement Co., Al Jouf has SAR 872 million worth of debts, representing 60 percent of its capital.

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