RIYADH: Riyadh Cement Co. has approved cash dividends amounting to SR120 million ($31.9 million) to shareholders for the first half of 2021, according to a bourse statement.
Eligible shares will be entitled to a dividend of SR1 per share, representing 10 percent of the nominal share value, the company said on Wednesday. It will be distributed on Oct. 3, 2021.
The total value of the dividends will stand at SR120 million for 120 million eligible shares. The company recently recorded a net profit of SR160.38 million in the first half of this year.
