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Saudi Cement trims proposed H1 dividend

RIYADH, May 25, 2016

The board of Saudi Cement has proposed paying a cash dividend of SR2.75 ($0.73) per share for the first half of 2016, the firm said in a bourse statement on Wednesday.

This is marginally lower than the 3 riyals per share payout for the same period in 2015.

Saudi Cement, one of the kingdom's largest cement firms, earlier posted a 13 percent drop in first-quarter net profit, which was broadly in line with the average forecast of analysts.-Reuters




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