Riyadh-Mubasher: Arabian Cement Co. said its ordinary general meeting (OGM) will be held on 3 April, to discuss agenda items; mainly cash dividends for the second half of 2015.
Shareholders will also review the board and auditor’s reports as well as financial statements for the same fiscal year.
The board earlier recommended cash dividends for H2-15 at 25% of the stock’s par value, or SAR 2.5 a share, totalling SAR 250 million.
FY15 earnings declined 6.5% to SAR 603 million, compared with SAR 645 million a year earlier.
The stock rose 0.88% to SAR 45.90 on Monday.
