Arabian Cement Co recommends SAR3.25 cash dividend

The management board of Arabian Cement Co (ACC) has recommended to shareholders a cash dividend of SAR3.25 (US$0.866) per share for the first half of 2014.

The dividend translates into a total payout of SAR325m (US$133.5m). If approved, the dividend will be paid to shareholders registered at the close of business on 30 June.

In mid-October 2014, ACC said its net profit rose 67.6 per cent YoY to SAR500.9m (US$133.4m) for the first nine months of last year.