Logo of Riyadh Cement Co.
Riyadh Cement Co.’s shareholders approved a 7.5% cash dividend, at SAR 0.75 per share, totaling SAR 90 million, for H2 2021, during an ordinary general meeting, held on May 23, the company said in a bourse filing.
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Dividend Details (H2 2021) |
|
|
Current Capital |
SAR 1.2 bln |
|
Number of Shares |
120 mln |
|
Total Dividend |
SAR 90 mln |
|
Percentage of Capital |
7.5% (SAR 0.75 per share) |
|
Record Date |
May 23, 2022 (Shareholders of record at the end of the second trading day following the OGM date) |
|
Payment Date |
To be announced later |
|
|
|
|
Dividends |
SAR 210 mln |
|
Percentage of Capital |
17.5% (SAR 1.75 per share) |
Shareholders also mandated the board to distribute cash dividend on a semi-annual or quarterly basis for 2022.
They approved to elect the following board members for the next-three term starting June 15, 2022: Salah Al Rashid, Shoeil Ayed, Naser Aqeel, Khalid AlMulhem, Fahad Alnabet, Abdullah Alfawwaz, and Mohammad Almulhem.
In addition, shareholders appointed Ernest & Young (EY) as an auditor and set its fees. The auditor will review financial statements for Q1, Q2, Q3 and 2022.
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