Qassim Cement Company’s board of directors (3040) has approved the distribution of approximately SAR 143.7 million in cash dividends to its shareholders for the first half of 2024.
What
The dividend per share amounts to SAR 1.3, with the eligibility date set for September 1st.
The distribution will take place on the 15th of the same month.
So what
Qassim Cement’s net profit jumped to approximately SAR 73 million during the second quarter of 2024, marking a 91% YoY increase.
This growth was driven by high sales volumes and an increase in the average selling price of its products.
It is noteworthy that the company has contributed to over 5,000 vital projects within the Kingdom, according to its website.
The company also serves more than 3,000 key clients in the region and the world.
Some context
Qassim Cement’s net profit rose to around SAR 147 million in the first six months of this year, marking a 58% YoY hike.
Earnings reached SAR 1.6 per share, compared to SAR 1.03 in the first half of last year.
