Qassim Cement Company said it approved on Sunday a 30 percent cash dividend to be issued at SAR 3 per share for the second half of 2014.
The company also agreed to discharge members of its board of directors.
It also gave the go-ahead to transfer SAR 226 million from its general reserves account to retained earnings, and to reissue financial statements ending as of Dec. 31, 2014 to reflect the decision.
|
Cash Dividend Details |
|
|
SAR 900 mln |
Current capital |
|
90 mln shares |
Number of shares |
|
SAR 270 mln |
Cash dividend |
|
30% ( SAR 3.0/share) |
Percent of capital |
|
March 5, 2015 |
Record date |
|
March 25, 2015 |
Payment day |
|
2014 Dividend |
|
|
SAR 540 mln |
Total dividend |
|
60% ( SAR 6/share) |
Percent of capital |
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