Arabian Cement board of directors (BoD) has proposed a cash dividend of SAR2.50 per share for 2H2015 or cSAR250 million in total cash dividends. This implies DPS of SAR4.5 for full-year 2015 (c10% dividend yield, 75% payout), as the company has distributed cash dividends of SAR2.0 per share in 1H2015. The full-year DPS is below last year’s DPS and above our forecast of SAR4.0.   The EX date for the cash dividends will be by the end of the trading day of the AGM, which will be announced later. (Tadawul, Tarek El-Shawarby, Wafaa Baddour)   Arabian Cement Co. (Saudi): SAR45.50 as of 14 February 2016, Rating: Buy, FV: SAR65.00 per share, MCap: USD1,213 million, ARCCO AB / 3010.SE