Southern Province Cement Co.’s (SPCC) shareholders on Thursday approved a 22.5 percent cash dividend (SAR 2.25 per share) for the second half of 2016, totaling SAR 315 million, the company said in a statement to Tadawul on Sunday.
Shareholders of record on the general meeting date are entitled to receive the dividend.
SPCC’s extraordinary general assembly also approved the board of directors’ report, an audit report, and all financial statements for 2016.
Moreover, shareholders endorsed SAR 1.8 billion in board bonuses for 2016, discharged board members from liability associated with their activities last year, and approved the selection of an external auditor for 2017.
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Cash Dividend Details (H2-2016) |
|
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Current capital |
SAR 1,400 mln |
|
Number of shares |
140 mln |
|
Cash dividend |
SAR 315 mln |
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Percent capital |
22.5% (SAR 2.25/share) |
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Record date |
April 20, 2017 |
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Payment day |
April 30, 2017 |
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Cash Dividend Details (FY16) |
|
|
Total dividend |
SAR 665 mln |
|
Percent of capital |
47.5% (SAR 4.75/share) |
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