“Riyadh Cement” recommends distributing dividends in cash of 7.5% for the second half

The Board of Directors of Riyadh Cement Company, based on the powers vested in it, and after reviewing the company’s financial condition and expected retained earnings till the end of the year 2022 AD, in its meeting held on Monday, recommended the distribution of cash dividends to shareholders of the company for the second half of fiscal year 2022 AD, worth 90 million riyals per number of shares Accrued dividends 120 million shares.

Riyadh Cement said in a statement on “Saudi Tadawul” today, Tuesday, that the share quota from the distribution is 0.75 riyals, with a distribution ratio to the par value of the share of 7.5%.

The eligibility date will be determined in followed after submitting the recommendation of the Board of Directors to the general meeting of the company at its next meeting for approval and approval. The distribution date will be determined later after submitting the recommendation of the Board of Directors to the general meeting of the company at its next meeting for approval and approval.

Riyadh Cement Company had announced a drop in its net profit after zakat and taxes of 46.96% in the first half of 2022, to about 85.07 million riyals, compared to a net profit of about 160.39 million riyals in the first mid 2021.

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