Riyadh – Mubasher: The board members of Yanbu Cement Co on 22 June recommended distributing 7.55% of capital as cash dividends for the first half of 2017.
Yanbu Cement’s board proposed a payment of SAR 0.75 per share with a total value of SAR 118.13 million for H1-17, according to a bourse statement issued on Sunday.
The dividends will be paid to the shareholders registered on 15 August, the statement added.
It is noteworthy that the company’s profits declined 27.49% in the first quarter of 2017 to SAR 124 million from SAR 171 million in the same period a year ago.
