Riyadh-Mubasher: Saudi Cement Co. said its ordinary general meeting held on 24 March approved cash dividends for the second half of 2015 at 30% of capital, or SAR 3 a share.
Shareholders of record on the meeting date are eligible for the dividends. The payout will start 31 March.
Moreover, shareholders gave a nod to the dividends paid for H1-15 at 30% of capital, or SAR 3 a share. Thus, the full-year dividends total 60% of capital, or SAR 6 a share.
Shareholders also endorsed 2015 financial statements and the board's report.
The cement producer posted net income of SAR 940 million for 2015, falling 12.5% compared with SAR 1.07 billion a year before.
The stock closed Thursday 1.19% lower at SAR 67.50.
