Yanbu Cement proposes dividend for H1 2017

02/07/2017 Argaam

Yanbu Cement’s board of directors has recommended a 7.5 percent cash dividend for the first half of 2017, at SAR 0.75 per share, amounting to a total of SAR 118.12 million, the company said in a statement to Tadawul on Sunday.

 

In a separate statement, the cement producer said it reappointed Prince Abdul Aziz Bin Mishaal Al-Saud on June 22 as board chairman for the current three-year term, which started on June 21, 2017.

 

The board of directors also named Fahad Bin Suleiman Al-Rajhi as deputy chairman.

 

Cash Dividend Details (H1 2017)

Current Capital

SAR 1.575 bln

Number of shares

157.5 mln

Cash dividend

SAR 118.13 mln

Percent capital

7.5% (SAR 0.75 per share)

Record date

August 15, 2017

Payment date

To be announced later

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