Last SR60.75 SAR
Change Today +0.30 / 0.50%
Volume 253.1K
EACCO On Other Exchanges
Saudi Arabia
As of 8:30 AM 01/29/15 All times are local (Market data is delayed by at least 15 minutes).

eastern cement (EACCO) Snapshot

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52 Week High
09/8/14 - SR65.50
52 Week Low
12/16/14 - SR49.00
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eastern cement (EACCO) Details

The Eastern Province Cement Company is engaged in the production and sale of clinker and cement in Saudi Arabia and internationally. It offers ordinary Portland, sulphate resisting, oil well, and finishing cement. The company is headquartered in Dammam, the Kingdom of Saudi Arabia.

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eastern cement (EACCO) Key Developments

The Eastern Province Cement Company Announces Earnings Results for the Year Ended December 2013

The Eastern Province Cement Company announced earnings results for the year ended December 2013. For the year, the company reported net profit of SAR 309 million (USD 82.4 million/EUR 59.4 million), down from SAR 387 million a year ago, a decrease of 20.2% year-on-year. The company attributed the decline to lower sales and higher manufacturing costs as a result of maintenance works. Earnings per share (EPS) stood at SAR 3.59, compared with SAR 4.5. Operating profit was SAR 298 million, down from SAR 374 million a year earlier.

The Eastern Province Cement Company, Annual General Meeting, Mar 19, 2014

The Eastern Province Cement Company, Annual General Meeting, Mar 19, 2014., at 13:00 GMT Standard Time. Location: Dammam City - Eastern Cement Tower. Agenda: To approve Board of Directors report on the company activity for the fiscal year ended on December 31, 2013; to approve auditors report for the fiscal year ended on December 31, 2013; to approve balance sheet and other financial statements for the fiscal year ended on December 31, 2013; to consider release of the Board of Directors from responsibilities with respect to the management of the company for fiscal year 2013; to approve boards proposal on the distribution of dividends on 02-06-1435 corresponding to 02-04-2014 of SAR 3.50 per share equivalent to 35% of the nominal share value for shareholders enrolled the company's shares record at the end of trading date of the general assembly meeting; to approve paying an amount of SAR 1,600,000 as a bonus to the board members, SAR 200,000 for each member, for the year ended December 31, 2013; and to propose amendments on the Audit Committee policy.

Eastern Province Cement Co. Announces Final Dividend, Payable on April 02, 2014

Eastern Province Cement Co. announced a final dividend of SAR 3.50 per share. The dividend is payable on April 02, 2014. The eligibility of dividends shall be for the shareholders registered in the registers of the Securities Depository Center on March 19, 2014.


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