QCC Board of Directors recommends dividends distribution of SAR 315 Million for the second half of the fiscal year ended 31 December 2012

QCC Board of Directors recommends dividends distribution of SAR 315 Million for the second half of the fiscal year ended 31 December 2012

25-02-2013
 
The Chief Executive Officer and Board member for Qassim Cement stated that the Board of directors held its regular meeting under the Chairmanship of his Excellency Engineer Abdullah Bin Abdulatif Al-Saif – Chairman of the Board of Directors on Monday evening, dated 01/04/1434H corresponding to 11/02/2013G and decided to recommend to the forthcoming 35th Ordinary General Assembly the distribution of dividends to shareholders for the second half of the year 2012 by SAR 315 million representing SAR 3.50 per share that is 35% of the par value which shall be distributed to all eligible shareholders of record by the end of trading on the day of the 35th Ordinary General Assembly meeting which will be held on Wednesday, 01/05/1434H corresponding to 13/03/2013G, bringing the total dividends for the fiscal year 2012 to SAR 540 million (SAR 6.0 per share), equivalent to 60% of the paid in capital where it has already distributed the amount of SAR 2.50 per share earlier for the first half of 2012. Upon approval, the payment of dividends shall be made by direct transfer to respective bank account of eligible shareholders starting on 18/05/1434H corresponding to 30/03/2013G.

The Chief Executive Officer and a member of the Board of Directors of the company stated that the Board of Directors raised the dividend by 4.35% from last year supported by improved profits of the company and stronger financial position that provides ample liquidity.


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Qassim Cement produces more than 4 million metric tons of high-quality cement and superior performance. Our professional human capital is employed in our advanced factory that works to achieve the goal of providing high quality products to our customers.

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Qassim Cement Co.| Building No: 4266 | Unit Number: 1 | Buraidah: 52271 - 6735 | Kingdom of Saudi Arabia

Phone : (+966) 16 316-5555

Fax : (+966) 16 381-6041

Email : qcc@qcc.com.sa

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