The Board of Directors of Hilal Cement Company announced to the company’s shareholders that the capital reduction proceeds will be distributed starting Wednesday, 20 July 2022. The Company’s reduced its issued and fully paid-up capital by 40% (40 shares for every 100 shares). The distribution shall be paid to shareholders registered in the company’s records as of the record date; 19 July 2022. The proceeds will be transferred to eligible shareholders’ bank accounts via e-Dividends service. 
The Board of Directors of Hilal Cement Company said that shareholders who were unable to register for the e-Dividends service are required to check with their local banks to subscribe to this service, as per the instructions issued by Kuwait Clearing Company (WWW.maqasa.com).