The General Assembly of Umm Al-Qura Cement Company, at its meeting held on Monday, approved the recommendation of the Board of Directors regarding the dividends of last year (2019).
The company said in a statement to the Saudi market (Tadawul) today, Tuesday, that the company agreed to distribute 13.75 million riyals in cash dividends for the previous year.
She explained that the dividends are 0.25 riyals per share, provided that the shareholders ’equity will be entitled to the shares at the end of trading on the day of the meeting and registered in the company’s shareholders’ record at the deposit center at the end of the second day Trading follows due date.
The profits will be disbursed and transferred to the bank accounts linked to the shareholders ’equity portfolio on April 19, by the Securities Depository Center company.
The General Assembly has also agreed to authorize the Board of Directors to distribute interim dividends on a semi-annual or quarterly basis to shareholders for the current fiscal year (2020).
