Qassim Cement recommends distributing 72 million riyals to shareholders

The Qassim Cement Company Board of Directors has recommended distributing dividends in cash to shareholders of the company for the third quarter of 2021, with a total of 72 million riyals, for a number of shares in circulation of 90 million shares.

Qassim Cement Company stated in a statement in “Saudi Tadawul” today Tuesday that the share’s distribution rate is 0.80 riyals per share, with a distribution ratio of 8% to the share’s par value.

The date of eligibility will be Sunday 28 November 2021, it being understood that the eligibility is held by the shareholders holding shares at the expiration date who are registered in the shareholders’ register of the company at the Deposit Center at the end of the second trading day following that expiration.

The release date will be Wednesday, December 15, 2021.

Qassim Cement Company’s preliminary financial results showed a decrease in net profit after zakat and taxes of 45.15% in the third quarter of 2021, to 60.38 million riyals, compared to 110.109 million riyals in the same quarter of 2020. .

In terms of results for the first nine months of 2021, the figures indicate a decrease in profits of 14.77% to 261.43 million riyals, compared to 306.74 million riyals in the same period of 2020.

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