The General Assembly of Yamamah Cement Company, at its meeting held yesterday, Monday, approved the recommendation of the Board of Directors regarding the dividends for the last fiscal year.

The company said in a statement to the Saudi market (Tadawul) today, Tuesday, that the general assembly approved the recommendation of the Board to distribute 5% cash dividends for the past year by 0.5 riyals per share and a total value of 101.25 Million riyals.

The dividend will be entitled to the company’s shareholders who are registered in the trading records at the end of the second trading day of the day of the general meeting, noting that the dividend will be on Monday, April 20. p>

The company’s general assembly also approved a proposal to exchange an amount of 2.4 million riyals in remuneration for members of the board of directors for the fiscal year ending December 31, 2019.

The company switched to profitability last year, at a value of 256.34 million riyals, compared to a 2018 loss of 51.84 million riyals.