The management board of Saudi cement producer Saudi Cement Company (SCC) approved at a meeting yesterday a dividend of SAR2/share (US$0.53), or a total SAR306m payout, for the first half of 2011.
The dividend, representing 20% of the company’s paid-up capital, will be paid to shareholders of record at the close of business on July 6.
The cement producer registered a 19.4% YoY rise in its net profit for the first quarter of 2011, to SAR210.8m from SAR176.6m a year ago.
