Riyadh – Mubasher: Hail Cement's board of directors (BoD) recommended paying out cash dividends for the first six months of 2016 at SAR 0.50 a share, or 5% of capital, totaling SAR 48.95 million, according to a bourse filing.
Shareholders of record till 4 September would be entitled to the cash dividends that will be distributed starting from 21 September.
The company operates with SAR 979 million, divided into 97.9 million at SAR 10 each.
During the second quarter, the company earned SAR 27.63 million, lower 3.51% from SAR 28.64 million for the prior-year quarter.
