Riyadh – Mubasher: The Saudi-based Arabian Cement Co.’s board of directors on Tuesday approved distributing cash dividends at SAR 1 per share for the first half of 2017.
Total distributions amount to SAR 100 million, making up 10% of the share’s par value, according to a statement to the Saudi Stock Exchange (Tadawul).
Dividends will be distributed among shareholders of record by the end of the second trading day following the maturity date, and eligibility will be for shareholders registered in the group’s register at the end of trading on Thursday, 10 August, while distributions will take place on 27 August.
By 12:51 pm KSA time, the stock went up 1.96% to SAR 33.75.
