Sharjah Cements to approve 8% cash dividend plan

Dubai: Sharjah Cement and Industrial Development said it will hold its annual general meeting (AGM) on March 24 to discuss and approve 8 per cent cash dividend or 8 fils per share.

The dividend proceeds will amount to Dh48.66 million, the company said in a statement posted on Abu Dhabi Securities Exchange’s website.

The company posted a Dh64.7 million of net profit in 2017, almost flat compared to 2016. Revenues rose to Dh649 million in 2017, from Dh612 million in 2016.