Riyadh – Mubasher: The board of Arabian Cement Co. recommended paying cash dividends at 25% of stock par value, or SAR2.5 a share, totaling SAR250 million for the second half of 2015.
According to Mubasher, the proposed dividend is equal to 102% of the company’s H2 profits that reached SAR246 million.
Shareholders of record till the end of trading on the ordinary general meeting date will be entitled to receive the dividends
Earlier, the company said Q4-15 profits rose by 8% year-over-year from SAR144.6 million to SAR156.5 million.
