The Chairman of the Board of the Saudi Eastern Cement Company, Ahmed Abdullah Al-Zamil, stated that the General Assembly approved a previous recommendation to award 15 Saudi riyal (four dollars) earnings per share to stockholders, which is equivalent to 30 percent of the company’s capital, reported Al-Hayat . Al-Zamil also said that the Eastern Cement Company posted a net operating income of SR 214 million ($57 million) at the end of 2001. The company’s factory continues to operate at high production levels without incurring any extra financial burden. — (menareport.com)
© 2002 Mena Report (www.menareport.com)
