Riyadh Cement recommends distributing cash dividends for the second half of 2024.

Riyadh Cement recommends distributing cash dividends for the second half of 2024.
الأسهم السعودية

According to the company’s announcement via the Saudi Stock Exchange platform today, Wednesday, the Board of Directors of Riyadh Cement Company recommended distributing cash dividends to the company's shareholders for the second half of the fiscal year 2024 at a rate of 12.5% of the nominal value.

According to the statement, the amount distributed to shareholders amounts to about 150 million riyals, while the number of eligible shares is estimated at 120 million; thus, the share's portion of the cash dividends becomes 1.25 riyals.

Riyadh Cement added that the right to dividends belongs to shareholders holding shares by the end of the day of the company’s general assembly meeting and recorded in the company's shareholders register with the Securities Depository Center (depository center) by the end of the second trading day following the date of holding the general assembly, the date of which will be determined later.

The Saudi company also clarified that the date of distribution will be determined later after presenting the Board of Directors' recommendation to the company's general assembly in its upcoming meeting for approval.

At the closing of Saudi trading today, Riyadh Cement's share (TADAWUL: 3092) recorded an increase of 1.86%, ending the trading session at the level of 32.8 riyals.


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