Saudi Cement on Monday said in a bourse statement its board had proposed paying a cash dividend of SR3 ($0.80) per share for the first half of 2015.

This is slightly lower than the 3.5 riyals per share payout for the same period in 2014, according to Thomson Reuters data.

The trimmed dividend comes despite Saudi Cement posting a 5.9 per cent rise in first-quarter net profit, earnings which beat analysts forecasts.-Reuters