Southern Cement proposes 12.5% dividend payment for H1 2019

05/08/2019 Argaam

Southern Province Cement Co.’s board of directors recommended paying cash dividend at 12.5 percent, or SAR 1.25 a share, totaling SAR 175 million for H1 2019.

The payment date will be on Oct. 6, 2019.

 

Dividend Details (H1 2019)

Current Capital

SAR 1,400 mln

Number of shares

140 mln

Dividend for each quarter

SAR  175 mln

Percentage of capital

12.5% (SAR 1.25 per share)

Record date

Sep. 30, 2019

Payment date

Oct. 6, 2019

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