Yanbu Cement board recommends dividend

Yanbu Cement board recommends dividend
Published: 15 February 2005

The management board of Saudi cement producer Yanbu Cement Company (YCC) proposed on February 3, 2005 a cash dividend payment of 20 Saudi riyals ($5.33) per share for 2004.  The total dividend for the year equals 40 per cent of the company’s capital. The issue is subject to shareholders’ approval. YCC paid a cash dividend 17.5 riyals ($4.67) per share for 2003.  YCC posted a net profit of 427 mln riyals ($113.9m) for 2004, up from 377 mln riyals ($100.5m) in 2003.