The shareholders of the Eastern Region Cement Company recommended at the regular General Meeting of the distribution of cash dividends about 215 million riyals, on the shareholders for the fiscal year ended 31 December 2020.
According to Arab Net, the company said in a statement that distributions were SR 2.5 per share and 25% of the capital, a number of shares due to profits is 86 million shares.
The right to shareholders 'shareholders at the end of the session of the General Assembly belonging to the company's shareholders' record at the end of the Securities Depository Center at the end of the second day traded the following maturity date, the distribution of profits begins on Wednesday, 28 April 2021.
The shareholders agreed on all agenda items containing the financial statements and the Board of Directors' report on the fiscal year 2020.
The net profit of the Eastern Region Cement Company, remained after Zakat and the tax, by 20% for SR 217 million in 2020, compared to SR 181 million in 2019.
