Saudi Cement proposes cash dividend of 3 riyals per share for 2015 second half

Dubai: Saudi Cement’s board has proposed paying a cash dividend of 3 riyals ($0.8000; Dh2.93) per share for the second half of 2015, the company said on Sunday.

This compares with a proposed dividend of 2.5 riyals per share for the prior-year period.

Saudi Cement last month reported a 33 per cent drop in fourth-quarter profit that missed analyst forecasts.