The profits of “Tabuk Cement” jump 430% to 79.56 million riyals in 2024

The profits of Tabuk Cement Company in 2024 jumped 430% to 79.56 million riyals, compared to 15 million riyals in 2023.
According to the company’s statement on Saudi Arabia’s circulation, the reason for the net profit increased during the current year compared to the past year is mainly to increase sales and increase other revenues. In addition to the decrease in financing expenses and the decrease in zakat expense.
Today, the Board of Directors decided to distribute cash dividends to shareholders for the second half of 2024 AD.
The total amount distributed is 22.5 million riyals, while the number of shares due for profits is 90 million shares.
The share share of the distribution is 0.25 riyals, while the distribution rate to the nominal share value is 2.5%.
The date of truth will be 1446-10-17 corresponding to 2025-04-15, while the distribution date will be 1446-10-29 corresponding to 2025-04-27.