Tabuk Cement to pay higher dividends

Tabuk Cement to pay higher dividends
Published: 10 March 2006

The management board of Saudi cement producer Tabuk Cement Company (TCC) decided on March 5, 2006 to pay a cash dividend of SAR10  (US$2.67) per share for 2005. The dividend represents 20 per cent of the share par value and is five per cent higher than the 2004 dividend.  The board also approved a project for the establishment of a gypsum plant in Tabuk. The company has already carried out a feasibility study on the project.