Southern Province Cement Co.’s (SPCC) shareholders on Tuesday approved a 5 percent cash dividend (SAR 0.5 per share) for the second half of 2017.
Registered shareholders at the Securities Depository Center Co. (Edaa) on the end of the second trading day following the general assembly are entitled to receive the cash dividend, the company said in a statement to Tadawul.
SPCC’s general assembly also approved the board of directors and the auditor’s reports, as well as financial statements for 2017.
Moreover, shareholders endorsed SAR 1.8 billion in board remuneration for 2017, discharged board members from liability for the last year, and hired an external auditor for the current fiscal year.
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Cash Dividend Details (H2 2017) |
|
|
Current capital |
SAR 1,400 mln |
|
Number of shares |
140 mln |
|
Cash dividend |
SAR 70 mln |
|
Percent capital |
5% (SAR 0.5/share) |
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Record date |
April 17, 2018 |
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Payment day |
April 29, 2018 |
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Cash Dividend Details (FY17) |
|
|
Total dividend |
SAR 210 mln |
|
Percent of capital |
15% (SAR 1.5/share) |
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