Riyadh - Mubasher: The extraordinary general meeting (EGM) of the Saudi Cement Company approved on Sunday a cash dividend of SAR 2.75 per share for the second half of 2016.
The dividend payment will start on 17 April through Riyad Bank, according to the company's statement to the Saudi Stock Exchange (Tadawul).
The EGM approved the board and auditor’s reports for 2016, in addition to the amendment of the company's bylaws to be in line with the New Companies Law.
The company’s net profit for the fourth quarter of 2016 amounted to SAR 187 million, compared to SAR 176 million for the same quarter of the previous year, a growth of 6.25%. However, profits had declined by 4% in 2016 to reach SAR 902 million.
