Riyadh – Mubasher: The ordinary general meeting of Eastern Province Cement approved Tuesday paying out cash dividends at 25% of capital, or SAR2.5 a share, totaling SAR215 million.
Shareholders of record till the date of the ordinary general meeting would be entitled to the cash dividends that will be distributed starting from 17 April.
The company operates with a paid-in capital of SAR860 million, distributed over 86 million shares at SAR10 par value each.
In 2015, the company’s profits declined 11% year-over-year to SAR333 million from SAR374 million.
The stock closed Tuesday’s trading session 0.7% lower to SAR35.63.
