RIYADH: Saudi Cement Co.'s board of directors has proposed an interim dividend payout of SR229.50 million ($61 million) for the first half of 2022. The cement producer will pay shareholders SR1.5 per share to 153 million eligible shares, according to the company’s bourse disclosure. It said the payment of dividends will commence by Riyad Bank on June 15, through direct
RIYADH: Saudi Arabia’s Alkhorayef Water and Power Technologies Co. has secured a loan worth SR295 million ($79 million) from Riyad Bank on Wednesday. The Shariah-compliant agreement aims to finance future projects and ventures, the company said in a statement to the Saudi bourse. With the deal extending until the end of 2024, Alkhorayef Water will use the proceeds to “issue
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