Saudi: Yanbu Cement to pay over $8.3mln dividends for H1-24

Faisal Al Nasser

A total of 157.50 million eligible shares will receive SAR 0.75 per share, according to a bourse disclosure

Staff Writer, Mubasher

May 19, 2024

PHOTO

Yanbu Cement Company announced the board’s approval to disburse cash dividends amounting to SAR 118.12 million for the first half (H1) of 2024.

A total of 157.50 million eligible shares will receive SAR 0.75 per share, according to a bourse disclosure.

Eligibility and payment dates for the H1-24 dividends will be 21 May and 11 June 2024, respectively.

The board members greenlighted cash dividends, which represent 7.50% of the company’s capital, during their meeting on 16 May.

In the three-month period that ended on 31 March 2024, Yanbu Cement posted 14.31% year-on-year (YoY) net profits at SAR 58.31 million, compared to SAR 51.01 million.

Disclaimer: The content of this article is syndicated or provided to this website from an external third party provider. We are not responsible for, and do not control, such external websites, entities, applications or media publishers. The body of the text is provided on an “as is” and “as available” basis and has not been edited in any way. Neither we nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this article. Read our full disclaimer policy here.

ZAWYA NEWSLETTERS

RELATED ARTICLES

ZAWYA NEWSLETTERS

LATEST VIDEO