Riyadh – Mubasher: The ordinary general meeting (OGM) of Najran Cement Company has approved to pay cash dividends, equivalent to 7.5% of the par value of the share, for the second half (H2) of 2020.
The cash dividend distribution stands at SAR 0.75 per share, aggregating at a total amount of SAR 127.5 million, according to the company's disclosure to the Saudi Stock Exchange (Tadawul) on Thursday.
Hence, the total dividends distributed and proposed for 2020 are valued at SAR 1.5 per share, representing 15% of the nominal value of the share, with a total amount of SAR 255 million.
It is noteworthy to mention that in 2020, the company achieved SAR 204.3 million in net profits, a surge of 281.8% when compared to SAR 53.5 million in 2019.
