Saudi Cement Recommends H1 Dividend Of SAR3.5 Per Share
Shareholders owning the company’s stock at the end of trading on July 1 will qualify for the dividend, the company said in a statement.
Saudi Cement Co’s board of directors has recommended paying a dividend of SAR3.5 per share for first six months of 2014, the firm said in a bourse filing on Sunday.
Shareholders owning the company’s stock at the end of trading on July 1 will qualify for the dividend, which will be paid on July 9, the statement said.
In April, Saudi Cement blamed sagging local demand and losses from an associate company for a 16 per cent drop in first-quarter profit