Riyadh – Mubasher: Qassim Cement said its board decided to distribute cash dividends worth QAR 90 million for 2016, representing 10% of the stock’s par value, according to a bourse filing.
Shareholders of record at the end of trading session on 23 February 2017 will be entitled to receive dividends on 9 March.
Net profits fell 36.83% year-on-year to QAR 88.77 million in Q4-16. In 2016, profits slid 36.83% year-on-year to QAR 409.844 million.
