Yamama Cement OKs Cash Dividend

Yamama Cement OKs Cash Dividend
Published: 05 April 2007

The general shareholders’’ meeting of Saudi cement producer  Yamama Cement Company (YCC) approved last March 28 a 20 percent cash dividend for 2006, translating into SR2 ($0.53) per share. YCC posted a net profit of 601.2 million riyals ($161 million) for 2006, an increase from 500.9 million riyals ($133.6 million) a year earlier. YCC, one of the eight listed cement companies operating in Saudi Arabia, was established in 1961 and is based in the Riyadh.