Saudi Cement recommends SAR3.5/share for 2H13

Saudi Cement Co said that its board had recommended a cash dividend of SAR3.5/share (US$0.93) for the second half of 2013. This is the same as the dividend paid in the corresponding period of 2012.

The company reported an eight per cent fall in fourth quarter profit, which the company blamed on lower sales and rising raw material costs.