Northern Cement BOD recommends SR45 mln cash dividend ‎distribution for H1‎

The Board of Directors of Northern Region Cement Co. recommended today, Monday, 7 Rabi’ al-Awwal 1444 AH corresponding to October 3, 2022 AD, the distribution of cash dividends to shareholders for the first half of 2022 AD, with a total distributed amount of 45,000,000 riyals, provided that the share of the distribution is 0.25 riyals/share. With a dividend ratio of 2.5% to the nominal share value

The company said that the number of shares entitled to dividends is 180,000,000 shares, and the distribution date will be on Sunday 27/03/1444 AH corresponding to 10/23/2022 AD.

The eligibility date will be Sunday 13/03/1444 AH corresponding to 09/10/2022 AD, provided that the eligibility is for the shareholders who own shares on the due date who are registered in the company’s shareholders register at the Depository Center at the end of the second trading day following the due date.

It was decided that the distribution will be through direct transfer of bank accounts linked to the shareholders’ investment portfolios, asking shareholders to update their data with the banks in which their accounts are held to ensure that their due profits are deposited directly in the future.