The Board of Directors of Najran Cement Company decided, in its meeting held yesterday, Sunday, to distribute cash dividends to the company’s shareholders for the first half of the current year ending on June 30, 2022.

Najran Cement Company said in a statement to the Saudi market (Tadawul) today, Monday, that the board of directors decided to distribute cash dividends of 2.5% of the nominal value of the share, at 0.25 riyals per share.

Najran Cement indicated that the total value of dividends for the first half of this year is 42.5 million riyals, while the number of shares entitled to dividends is 170 million shares.

Najran Cement stated that the eligibility for dividends will be the owners of the shares at the end of trading on Thursday, October 6, 2022 (the maturity date), and those who are registered in the company’s shareholders register at the Securities Depository Center (Edaa) at the end of the second trading day following the due date.

Najran Cement Company indicated that the date of distributing cash dividends will be determined at a later time.

Najran Cement's profits fell by 60.9% at the end of the first half of this year, to reach 36.543 million riyals, compared to 93.452 million riyals, profits for the same period in 2021.

At the level of the second quarter of this year, Najran Cement achieved profits of 13.258 million riyals, compared to profits for the same period of the previous year, which amounted to 32.711 million riyals.