The Southern Province Cement Company announced that an annual general meeting will be held on March 20, 2013, to approve the distribution of the dividends for the year ended December 31, 2012 as per the suggestion of the Board of Directors, at 70% of the total paid capital, SAR 7 per share, of which SAR 3 was already paid in the first half of the year. The entitlement of these dividends will be for the shareholders registered in the company records at the Saudi Capital Market (Tadawul), the deposit center, on the day the assembly is held.

The Southern Province Cement Company, Annual General Meeting, Mar 20, 2013., at 16:00 Arabian Standard Time. Location: grand hall. Agenda: To approve the contents of the Board of Director's annual report; to attest the company budget as of Dec. 31, 2012 and the 2012 profit and loss accounts; to clear the accountability of the Directors during this period; to approve distribution of the dividends at 70% of the total paid capital, SAR 7 per share; to approve the choice of the auditing committee for the company accounts auditor chosen from the nominated offices to audit the company's annual and quarter accounts during 2013 and to specify the fees of the said office; and to agree for selling the land lot owned by the company by the real estate title deed No. 49 dated 29/2/1398h an area of 750 m2 with a two story building and an extension, in (Al-Minah plan No. 5) on Palestine road in Jeddah and also land lot owned by the company owned by the company by the real estate title deed No. 1288 dated 29/12/1426h an area of 2.122 m2, no buildings on it, in (Al-Minah plan No. 20) in Al-Rihab area on Palestine road in Jeddah.

The Southern Province Cement Company reported estimated earnings results for the third quarter and nine months ended September 30, 2012. For the quarter, the company reported estimated net profit of SAR 201 million compared to SAR 180 million for the same quarter of previous year, an increase of 11.67%. The estimated operating profit was SAR 208 million compared to SAR 185 million for the corresponding quarter last year, an increase of 12.43%. For the nine months, the company's estimated net profit was SAR 747 million against SAR 645 million for the corresponding period last year, an increase of 15.81%. Earnings per share amounted to SAR 5.33 against SAR 4.61 for the same period of the previous year. The estimated total profit was SAR 787 million against SAR 690 million for the corresponding period last year, an increase of 14.08%. The estimated operating profit was SAR 757 million against SAR 654 million for the corresponding period last year, an increase of 15.75%. The reason behind the rise in net profit for the third quarter and for the nine months was due to the increase in the demand for cement in the local markets. As for the decrease of the profits of the third quarter compared to the second quarter, it was because of the sales decrease during the month of Ramadan and Eid Al-Fitr holidays.