Eastern Cement board proposes SAR2.5/shr dividends

Riyadh – Mubasher: The board of Eastern Province Cement recommended distributing cash dividends for 2015 at 25% of the stock’s par value or SAR2.5 per share, totaling SAR215 million.

The company’s net profits for 2015 dropped 10% year-over-year to SAR337 million from SAR374 million.

The company’s stock closed Monday’s session lower 1.35% at SAR33.7. 

Mubasher Contribution Time: 23-Feb-2016 05:35 (GMT)