Riyadh – Mubasher: The extraordinary general meeting (EGM) of Eastern Province Cement Company approved on Monday the distribution of cash dividends amounting to SAR 1.5 per share, or 15% of the par value, totalling SAR 129 million.
Registered shareholders will start receiving the dividends from Thursday, 27 April, according to the company’s statement on Tuesday to the Saudi Stock Exchange (Tadawul).
The company’s EGM will vote on the amendment of articles 9, 19, and 22 of the company’s statute.
It also voted on the board and auditor’s reports for 2016, in addition to paying remunerations of SAR 1.6 million to the board of directors.
Eastern Cement’s net profits declined 30% in 2016 to reach SAR 233 million from SAR 333 million in 2015.
