UAE National Cement cash dividend

UAE National Cement cash dividend
Published: 02 February 2006

The board of directors of UAE Dubai-based National Cement Company has recommended a 50 per cent cash dividend for 2005, it was reported on February 1, 2006. The board also proposed a one-for-one bonus issue. The two proposals are subject to shareholder approval at a meeting on March 4, 2006. National Cement Co was established as a pubic joint stock company in 1968 in Dubai. The company has an annual capacity of some 1.5Mt of cement.