Riyadh – Mubasher: The ordinary general meeting of Southern Province Cement Company endorsed on Thursday the distribution of cash dividends for the second half of 2015 at SAR 3.5 per share, or 35% of capital, totalling SAR 490 million.
The approved dividends will be a right for shareholders of record till the close of trading on the upcoming ordinary general meeting. The distribution date was set at 24 April.
Shareholders also ratified the distributed cash dividends for H1-15 at SAR 2.5 per share, or 25% of capital, totalling SAR 350 million.
Accordingly, FY15 dividend payout will stand at SAR 6 per share, or SAR 840 million.
The cement producer earlier reported SAR 1.037 billion net profit for FY15, down 0.77% year-on-year from SAR 1.045 billion.
