Riyadh – Mubasher: Arabian Cement’s shareholders gave the green light to cash dividend distribution for the second half of 2015 at SAR2.5 per share, totaling SAR250 million.
Shareholders of record till 28 April 2016 would start receiving the dividends from 12 May 2016 through the Saudi British Bank, the company indicated in a bourse filing.
In the first half of 2015, the company paid out cash dividends at SAR2 a share. Thus, a total of SAR450 million, or 45% of capital, is decided for the whole fiscal year 2015, compared to SAR500 million, or 50% of capital a year earlier.
In 2015, Arabian Cement earned SAR600.1 million, compared to SAR645.4 million last year.
On Thursday, its stock rose 0.34% to SAR56.19 at close.
