The General Assembly of the Southern District Cement Company, at its meeting held on Sunday, approved the recommendation of the Board of Directors regarding dividends for the last fiscal year (2019).

The company said in a statement to the Saudi market (Tadawul) today, Monday, that the company approved distributions for the first half of 2019 by 12.5%, at 1.25 riyals per share, and the value of 175 million riyals.

The General Assembly also approved distributing 315 million riyals of profits to shareholders for the second half of 2019, equivalent to 22.5% of the capital by 2.25 riyals per share.

The company indicated that the company also agreed to authorize the Board of Directors to distribute interim dividends to shareholders on a semi-annual or quarterly basis for the current fiscal year (2020).

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