Riyadh-Mubasher: Yamama Cement Co. (YCC) said its ordinary general meeting held on 29 February approved the distribution of cash dividends for the fourth quarter of 2015 at 7.5% of capital, or SAR 0.75 a share, totalling SAR 152 million.
Shareholders of record on the general meeting date are eligible for the dividends that will be paid on 14 March.
During the meeting, shareholders gave a nod to FY15 cash dividends at SAR 3 a share.
The cement producer posted net earnings of SAR 642 million for 2015, a fall of 4.3% compared with SAR 671 million a year earlier.
The stock closed Monday 0.31% lower at SAR 29.14.
