During the regular General Assembly meeting, the shareholders of the South Region Cement Company agreed on the recommendation of the Board of Directors distributing profits on shareholders from the second half of the financial year ended 3120, 2.5 riyals per share and 25% of the capital with a total amount of SR 350 million.
According to Arab Net, the company said in a statement, the company said in a statement. .
The shareholders agreed on the decision of the Board of Directors, with a cash dividend on shareholders from the first half of 2020, by 2.25 riyals by 22.5% of the capital with a total amount of SR 315 million.
The shareholders of the company recognized the rest of the agenda, including the report of the Governing Council and the financial statements for the fiscal year ended 31 December 2020.
The southern region cement, announced an annual financial results of 2020, an increase in net profit increased by 31.5% to SR 609 million, compared to SR 463 million during 2019.
The rise in net profit for the current year compared to the previous year to increase sales revenues for the year by 27.15% compared to the previous year and increased sales for the current year by 23.70% over the previous year. A
