The annual financial statements of Yamamah Cement Company showed the company's profitability transformation in the past year compared to 2018 losses.

According to the company’s results for the Saudi market (Tadawul), last year’s profits reached 256.34 million riyals, compared to 2018’s losses of 51.84 million riyals.

The company said that the positive shift in the annual results is due to an increase in the value of sales as well as an increase in other revenue.

The company's board of directors, in its meeting held on Tuesday, recommended distributing 5% cash dividends of the nominal value of the share by 0.5 riyals per share and a total value of 101.25 million riyals .