Hail Cement recommends 4% dividend for H2 2016

15/02/2017 Argaam

The board of directors of Hail Cement Co. on Tuesday recommended a 4 percent cash dividend to be issued at the rate of SAR 0.4 per share for the second half of 2016.

 

 This takes the total dividend for full year 2016 to SAR 0.90 per share.

 

Cash Dividend Details (H2-2016)

Current Capital

SAR 979 mln

Number of shares

97.9 mln

Cash dividend

SAR 39.16 mln

Percent capital

4% (SAR 0.40/share)

Record date

General assembly meeting- to be announced later

Payment day

To be announced later

 

Dividend for FY 2016

Total cash dividend

SAR 88.11 mln

Percent of capital

9% (SAR 0.90/share)

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