Riyadh – Mubasher: Hail Cement’s board recommended on Tuesday the distribution of SAR 0.35 per share cash dividends for the second half of 2016.
The dividends represent 44% of the nominal value, totalling SAR 39.16 million according to a bourse filing.
The dividend eligibility will be for shareholders registered till the end of trading on the general meeting date, which will be announced later.
Hail's capital amounts to SAR 979 million with 97.9 issued shares at a nominal value of SAR 10 per share.
The company earlier posted a net profit of SAR 23.7 million for Q4-16 compared to SAR 29.95 million in the year-ago period, with a 21% decline.
