Yanbu Cement intends to distribute 157.5 million riyals to shareholders

Yanbu Cement Company announced the Board of Directors’ decision to distribute dividends in cash to shareholders for the second half of fiscal 2021, for a total of approximately 157.5 million riyals.

Yanbu Cement stated in a statement in “Saudi Tadawul”, today, Sunday, that the number of shares entitled to the dividend is approximately 157.5 million shares, with a share of riyal per share, with a distribution ratio on the par value of the share 10%.

He added that earnings eligibility rests with shareholders who own shares as of the maturity date Monday, December 13, 2021, which are registered in the register of shareholders issued at the Securities Depository Center Company at the end of the second trading day following maturity.

The release date will be December 30, 2021.

Yanbu Cement Company announced the Board of Directors’ decision to distribute dividends in cash to shareholders for the first half of fiscal 2021, amounting to 196.87 million riyals.

The distribution share amounted to 1.25 riyals, with a distribution ratio of 12.5% ​​on the nominal value of the share.