Southern Province Cement Co.’s (SPCC) shareholders on Tuesday approved a 5 percent cash dividend (SAR 0.5 per share) for the second half of 2017.

 

Registered shareholders at the Securities Depository Center Co. (Edaa) on the end of the second trading day following the general assembly are entitled to receive the cash dividend, the company said in a statement to Tadawul.

 

SPCC’s general assembly also approved the board of directors and the auditor’s reports, as well as financial statements for 2017.

 

Moreover, shareholders endorsed SAR 1.8 billion in board remuneration for 2017, discharged board members from liability for the last year, and hired an external auditor for the current fiscal year.

 

Cash Dividend Details (H2 2017)

Current capital

SAR 1,400 mln

Number of shares

140 mln

Cash dividend

SAR 70 mln

Percent capital

5% (SAR 0.5/share)

Record date

April 17, 2018

Payment day

April 29, 2018

Cash Dividend Details (FY17)

Total dividend

SAR 210 mln

Percent of capital

15% (SAR 1.5/share)

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