Southern Cement shareholders approve the dividends for the year 2019


Riyadh – Mubasher: The ordinary general assembly of the shareholders of the Southern Region Cement Company approved, at its meeting yesterday, Sunday, all the items on the agenda.

The company said in a statement to “Tadawul” today, Monday, that it was agreed to distribute cash dividends to shareholders for the second half of 2019, at a value of 315 million riyals, at 2.25 riyals per share.

She indicated that the dividends are entitled to the shareholders who own the shares on the day of the assembly, and who are registered at the end of the second trading day following the due date.

It also noted that the profits will begin to be disbursed from Sunday April 19 2020.

During the meeting, the association approved the profits distributed for the first half of 2019, at a value of 175 million riyals, or 1.25 riyals per share.

It also agreed to authorize the Board of Directors to distribute interim dividends to shareholders on a semi-annual or quarterly basis for the fiscal year 2020.


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