Yanbu Cement’s board of directors has recommended a 7.5 percent cash dividend for the first half of 2017, at SAR 0.75 per share, amounting to a total of SAR 118.12 million, the company said in a statement to Tadawul on Sunday.
In a separate statement, the cement producer said it reappointed Prince Abdul Aziz Bin Mishaal Al-Saud on June 22 as board chairman for the current three-year term, which started on June 21, 2017.
The board of directors also named Fahad Bin Suleiman Al-Rajhi as deputy chairman.
Cash Dividend Details (H1 2017) |
|
Current Capital |
SAR 1.575 bln |
Number of shares |
157.5 mln |
Cash dividend |
SAR 118.13 mln |
Percent capital |
7.5% (SAR 0.75 per share) |
Record date |
August 15, 2017 |
Payment date |
To be announced later |
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