Abu Dhabi-Mubasher: The shareholders of Gulf Cement Company, listed on Abu Dhabi and Kuwait bourses, raised on Wednesday cash dividends 2% to be paid at 9% of capital for 2015, according to a bourse statement.
The company will distribute 9 fils per share, amounting to AED 73.9 million ($20.1 million).
The shareholders authorised the board to buy back 10% of the company’s shares.
During their ordinary general meeting, the shareholders also approved the transfer of AED 25 million from voluntary reserve to retained earnings.
The shareholders agreed to make the company’s Vice Chairman Hamad Alameeri continue his board membership.
