Riyadh – Mubasher: Tabuk Cement Company said Sunday that its ordinary general meeting (OGM) will be held on 28 April, according to a bourse filing.
The OGM will discuss the distribution of cash dividends at 9% of the capital or SAR 0.90 ($0.24) per share for the fiscal year 2015, totalling SAR 81 million ($21.6 million) to shareholders registered till the end of trading on the meeting date.
The company is capitalised at SAR 900 million ($240 million) distributed across 90 million shares with a nominal value of SAR 10 ($2.67).
The OGM earlier approved cash dividends at 15% of the capital or SAR 1.5 ($0.40) per share for the fiscal year 2014, totalling SAR 135 million ($36 million).
The company’s net profit for FY15 reached SAR 89.83 million ($23.95 million), down 34.7% from SAR 137.58 million ($36.69 million) a year earlier.
Tabuk’s stock closed Thursday’s trading at SAR 15.20 ($4.05) after rising 0.2%.
