Saturday, 2 March 2024

Riyadh Cement BOD Distributes SR90 Million Profits for Second Half

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Riyadh Cement Company Board of Director indicated on Thursday the recommendation in BOD meeting held on Wednesday 22 December 2021 that based on their authorities and after review of financial situation of company and expected retained end of year 2021 to distribute cash dividends to its shareholders for the second half of 2021.

The date of the board’s decision is 22.12.2022. The total amount distributed is SR90, 000,000. The dividend per share is 0.75. The percentage of dividend to the share par value (%) is 7.50 %.

The company indicated on Tadawul on Thursday that the number of shares eligible for dividends is 120,000,000 shares. The distribution date will be announced later after presenting the Board of Directors’ recommendation to the General Assembly at its next meeting for approval.

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