Dubai: Falcon Cement Co (FCC) said its board of directors has recommended to distribute 10 per cent of the paid-up capital as bonus shares to shareholders.
“Strong performance over the past year and the healthy dividend distribution now announced underscores the ongoing strength of the company’s strategy and ability to execute,” Hisham Al Rayes, Chairman of FCC said in a statement.
“We believe that 2018 will remain a reasonably good year for cement and the construction industry and look forward to further growing our role as a market leader,” Al Rayes added.
The company recorded a net profit of $8.2 million (Dh30.09 million) in 2017 on a total income of $45.6 million.
