Umm Al-Qura Cement approves 2.5% cash dividend for H2 2019

07/04/2020 Argaam Exclusive

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Umm Al-Qura Cement Co.’s shareholders approved the board’s recommendation to distribute a 2.5% cash dividend, at SAR 0.25 per share, for the second half of 2019, during the ordinary general meeting (OGM) held on April 6, according to a bourse filing today.

 

Shareholders also authorized the board of directors to distribute interim dividends on a semi-annual and quarterly basis for 2020.

Dividend Details (H2 2019)

Current Capital

SAR 550 mln

Number of shares

55 mln

Dividend

SAR 13.75 mln

Percentage of capital

2.5% (SAR 0.25 per share)

Record date

April 6, 2020 (Including shareholders registered at the Security Depository Center (Edaa) by the end of the second trading day following the assembly)

Payment date

April 19, 2020

Dividend Details (FY2019)

Dividend

SAR 27.5 mln

Percentage of capital

5% (SAR 0.5 per share)

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Umm Al-Qura Cement Co.
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