Southern Cement approves 10% dividend for H2 2018

21/04/2019 Argaam

Shareholders of Southern Province Cement Co. (SPCC) approved a 10 percent cash dividend (SAR 1.00 per share) for the second half of 2018, the company said in a statement to Tadawul on Sunday.

 

SPCC’s general assembly also approved the board of directors and the auditor’s reports, as well as financial statements for 2017.

 

Moreover, shareholders authorized board members to distribute interim dividends for the current fiscal year.

 

Cash Dividend Details (H2 2018)

Current capital

SAR 1.4 bln

Number of shares

140 mln

Cash dividend

SAR 140 mln

Percent capital

10% (SAR 1.00/share)

Record date

April 18, 2019

Payment day

May 01, 2019

Cash Dividend Details (FY18)

Total dividend

SAR 280 mln

Percent of capital

20% (SAR 2.00/share)

 

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