Saudi Cement Company, one of the leading companies in the building materials sector in the Kingdom, announced that its Board of Directors has recommended distributing cash dividends to the company's shareholders for the second half of the fiscal year 2025. This decision was made during the Board meeting held on February 15, 2026, reflecting the company's strong financial performance and its confidence in continuing to generate profits.
According to the company's statement published on the Saudi Stock Exchange (Tadawul), the total amount recommended for distribution is SAR 122.4 million, to be distributed across 153 million shares eligible for dividends. This translates to a dividend of SAR 0.8 per share, representing 8% of the share's par value.
General context and importance of the decision
Founded in 1955, Saudi Cement Company is a pillar of industry in the Kingdom of Saudi Arabia, having played a pivotal role in supporting the Kingdom's urban and infrastructure development for decades. These regular cash distributions further enhance the company's reputation as a reliable investment choice committed to delivering attractive returns for shareholders. This decision reflects the company's ability to maintain strong cash flow and effective financial management, even amidst global economic challenges.
Impact on the local economy and Vision 2030
This announcement is particularly significant given the mega-projects underway in the Kingdom as part of Vision 2030, such as NEOM, the Red Sea Project, Qiddiya, and others that require enormous quantities of building materials, especially cement. The stable performance of companies like Saudi Cement and their dividend distribution are positive indicators of the industrial sector's strength and its ability to meet increasing demand, thus contributing to achieving the Vision's objectives and driving economic development. Furthermore, dividend distribution injects liquidity into the market, encouraging reinvestment and bolstering the confidence of both local and international investors in the Saudi financial market.
Details of profit eligibility and payment date
The company clarified that dividend entitlement will be for shareholders who own shares at the close of trading on the day of the upcoming General Assembly meeting and who are registered in the company's shareholder register at the Securities Depository Center Company (Edaa) at the end of the second trading day following the meeting. The company indicated that the date of the General Assembly meeting and the dividend distribution date will be announced later, after obtaining the necessary regulatory approvals from the relevant authorities.
In closing, Saudi Cement called on its valued shareholders to update their bank details and ensure that their bank account numbers are linked to their investment portfolios to guarantee that their due profits are deposited directly into their accounts without any delay.
