Saudi Cement Co.’s shareholders have approved a 17.5 percent cash dividend for the second half of 2018, during the general assembly meeting held on Tuesday.
Shareholders have also delegated the company’s board of directors to declare dividend for the fiscal year 2019 on a quarterly of semi-annually basis.
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Dividend Details (H2 2018) |
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Current Capital |
SAR 1.53 bln |
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Number of shares |
153 mln |
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Dividend |
SAR 267.75 mln |
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Percentage of capital |
17.5% (SAR 1.75 per share) |
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Record date |
April 16, 2019 |
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Payment date |
May 1, 2019 |
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Dividend for FY 2018 |
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Total dividend |
SAR 497.25 mln |
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Percentage of capital |
32.5% (SAR 3.25/share) |
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