Saudi Tabuk Cement recommends dividend for 2H10

Saudi Tabuk Cement recommends dividend for 2H10
Published: 15 February 2011

The management board of Saudi cement producer Tabuk Cement Company (TCC) have decided to recommend to shareholders a cash dividend of SAR0.45 (US$0.12) per share, or a total SA 40.5m, for the second half of 2010.

If the dividend payout is approved, the total dividend for 2010 will come in at SAR 1.35 per share, as the company has already paid a dividend of SAR 0.9 per share for the first half of 2010.

TCC registered a rise in its net profit for 2010 to SAR 123.3m from SAR 121.1m a year earlier. The increase was chiefly due to a rise in sales and new markets in 2010.