Qassim Cement approves 30% cash dividend for H2-2014

08/03/2015 Argaam

Qassim Cement Company said it approved on Sunday a 30 percent cash dividend to be issued at SAR 3 per share for the second half of 2014.

The company also agreed to discharge members of its board of directors.

It also gave the go-ahead to transfer SAR 226 million from its general reserves account to retained earnings, and to reissue financial statements ending as of Dec. 31, 2014 to reflect the decision.

 

 Cash Dividend Details

SAR 900 mln

Current capital

90 mln shares

Number of shares

SAR 270 mln

Cash dividend

30% ( SAR 3.0/share)

Percent of capital

March 5, 2015

Record date

March 25, 2015

Payment day

2014 Dividend

SAR 540 mln

Total dividend

60% ( SAR 6/share)

Percent of capital

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