Yanbu Cement BOD distributes SAR 236.25 million cash dividend for first half of 2023

Yanbu Cement Company announced the Board of Directors’ resolution to distribute cash dividends to shareholders for the first half of the fiscal year 2023with a gross amount of SAR 236.25 million, provided that dividend per share amounts to SAR 1.5, with a percentage of dividend to the share par value of 15%.

The company stated that the number of shares eligible for dividends is 157.5 million shares, and the distribution date will be on June 20th.

The eligibility of profits shall be for the shareholders who own the shares on the maturity day on Wednesday 31.05.2023, and who are registered in the issuer’s shareholder register with the Securities Depository Center Company at the end of second trading day following the date maturity.

The company requested from all valued shareholders to update their bank data and to ensure that their bank account numbers are linked to their investment portfolios. In order to ensure that their due profits are deposited directly into their bank accounts.