Company shareholders approved Arabic Cement During the Ordinary General Assembly meeting, on Sunday, the Board of Directors recommended the distribution of cash dividends to shareholders for the second half of 2021 at 1.5 riyals per share and a total amount of 150 million riyals, equivalent to 15% of the capital.
The company said in a statement on “Tadawul Saudi”, today, Monday, that they also approved what was distributed for the first half of 2021, at a value of 125 million riyals, bringing the total distributed and proposed profits for the year ending on December 31, 2021, to 275 million riyals, including Equivalent to 27.5% of the nominal value of the share at 2.75 riyals per share.
The eligibility is for the shareholders who own the shares at the end of trading on the day of the general assembly meeting and who are registered in the company’s shareholders register with the Securities Depository Center Company “The Depository Center” at the end of the second trading day following the due date.
Dividend distribution through Riyad Bank will start on Thursday, 11 Shawwal 1443 AH corresponding to 12 May 2022.
The shareholders approved the company’s financial performance for the fiscal year 2021.
