The board of directors of Qassim Cement Company recommended distributing cash dividends to the company's shareholders for the first quarter of the current year 2020.

The company said in a statement to the Saudi market (Tadawul) that the board of directors recommended at its meeting yesterday, Monday, to distribute 10% of the capital as cash dividends for the period referred to. < / p>

She explained that the profits are equal to one riyal per share, and that the total amount distributed is 90 million riyals.

The company added that the dividend entitlement date will be on May 5, with the eligibility for the shareholders who own the shares on the day of entitlement registered in the company’s shareholders ’register at the depository center at the end of The second trading day follows the due date.

I continued the distribution will be on May 19, by direct transfer of bank accounts linked to the investment portfolios of shareholders.

The company called on the shareholders to update their data with the banks in which they have their accounts to ensure that their due profits are deposited directly in the future.

The company's profits rose 98.6% in the first quarter of this year, to reach 111.17 million riyals, compared to 56 million riyals for the same period in 2019.