Eastern Cement shareholders authorize board to pay interim dividend for 2022

Logo of Eastern Province Cement Co.

Eastern Province Cement Co.’s shareholders authorized the board of directors to pay interim dividend on a semi-annual or quarterly basis for 2022, during the ordinary general meeting (OGM) held on May 22, according to a bourse filing.

Shareholders also approved the board’s decision on the paid cash dividend at SAR 2.5 a share, totaling SAR 215 million, for H1 and H2 2021, the statement added.

Meanwhile, they approved all other items on the meeting’s agenda including delegating the authorization powers of the general assembly to the board of directors for one year starting from the date of approval or until the end of the delegated board’s term, whichever is earlier.