Saudi Cement Company has announced plans to distribute interim dividends worth SR535.5 million ($142.7 million) for the first half at the rate of SR3.5 per share representing 35 per cent of nominal share value.

The dividends will be given to the stockholders at the end of Tadawul dealings on Monday (July 1), the Saudi firm said in a statement on Saudi Tadawul website.   

Also, another Saudi firm Yanbu National Petrochemical Company has recommended the distribution of dividends worth SR562.5 million to the shareholders for the period at a rate of SR1. The divided represent 10 per cent of the face value of these shares.-TradeArabia News Service