Riyadh – Mubasher: Arabian Cement Company’s board recommended distributing cash dividends for the second half of 2016 worth SAR 2 per share, representing 20% of the stock’s par value, and totalling SAR 200 million.
Registered shareholders at the end of trading on the extra ordinary general meeting (EGM) will be entitled to receive the dividends, according to a bourse filing on Monday.
Cash dividends with the same value were distributed for the first half of 2016 so that the total distributed dividends for 2016 would be SAR 400 million of SAR 4 per share, representing 40% of the stock’s par value.
The company's capital amounts to SAR 2 billion, distributed over 100 million shares at a nominal value of SAR 10 per share.
