Yanbu Cement to distribute cash dividend of SAR1.0 per share for 1H2016, below last year’s
Yanbu Cement board of directors (BoD) has decided to distribute a cash dividend of SAR1.0 per share for 1H16 or SAR157.5mn in total cash dividends, below the dividends distributed in 1H15 (SAR1.5). We forecast DPS of SAR3.50 for full-year 2016 (DPS of SAR5.0 in 2015). The EX-date for the cash dividends will be 2 August 2016, and the distribution date is 10 August 2016. (Tadawul, Tarek El-Shawarby) Yanbu Cement: SAR44.22 as of 22 June 2016, Rating: Buy, FV: SAR55.00 per share, MCap: USD1,857 million, YNCCO AB / 3060.SE
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