2025-12-15
Riyadh Cement Co. Announces the Board of Directors’ Recommendation to Distribute Cash Dividends for the Second Half of 2025
Element List | Explanation |
|---|---|
Introduction | Riyadh Cement Company’s Board of Directors recommended in its meeting held on Monday, 24 Jumada Al-Akhirah 1447H (corresponding to December 15, 2025) that, based on their authorities and after reviewing the company’s financial position and expected retained earnings until the end of the fiscal year 2025, cash dividends be distributed to the company’s shareholders for the second half of the fiscal year 2025 as follows: |
Date of the board’s recommendation | 2025-12-15 Corresponding to 1447-06-24 |
The Total amount distributed | 72,000,000 SAR |
Number of Shares Eligible for Dividends | 120,000,000 shares |
Dividend per share | 0.60 SAR |
Percentage of Dividend to the Share Par Value (%) | 6 |
Eligibility date | The eligibility of the dividends for the Company's shareholders who own shares at the end of the day in which the Company's General Assembly is convened and who are registered in the Company's records at the Securities Depository Center Company (Edaa) at the end of the second trading day following the date of the General Assembly which will be announced at a later date. |
Distribution Date | It will be determined later after the Board of Directors recommendation is presented to the Company’s General Assembly in its upcoming meeting for approval and adoption. |
The name of other official authorities and the details of their non-refusal to the recommendation or decision | N/A |
Additional Information | The Company would like to inform its Shareholders of the necessity of updating their data and ensure that their bank account numbers are linked to their investment portfolios to ensure that their cash dividends are deposited in their accounts with the banks on the distribution day after obtaining the General Assembly’s approval. We would like to draw the attention of the non-resident foreign investors that the cash dividend distribution which is transferred by the resident financial broker is subject to (when transferred or credited to the bank account) withholding tax of 5%, in accordance with the provisions of article (68) of the income tax law, and article (63) of its implementing regulation. |
Source: Saudi Exchange