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Saudi Cement Recommends H1 Dividend Of SAR3.5 Per Share

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

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