‎“Qassim Cement” distributes SR58.5 million cash dividends for ‎Q3‎

The Board of Directors of Qassim Cement Company decided (by scroll) to distribute cash dividends to the company’s shareholders for the third quarter, amounting to 58.5 million riyals, equivalent to 6.5% of the nominal value of the share.

The number of shares eligible for dividends reached 90 million shares, at 0.65 riyals per share, with November 30, 2023 being the eligibility day, and distribution on December 17, 2023.

According to the company, the eligibility will be for the shareholders who own the shares on the vesting day and who are registered in the company’s shareholder register at the deposit center at the end of the second trading day following the vesting date, while the distribution will be via direct transfer to the bank accounts linked to the shareholders’ investment portfolios. The company calls on the shareholders to update their data is held by the banks linked to their accounts.