Yanbu Cement board of directors (BoD) has proposed a cash dividend of SAR3.50 per share for 2H2015 or cSAR551.3 million in total cash dividends. This implies DPS of SAR5.0 for full year 2015 (c13% dividend yield, 98% payout), as the company has distributed cash dividends of SAR1.50 per share in 1H2015. The full year DPS is above last year’s DPS and our forecast of SAR4.0.   The EX date for the cash dividends will be by end of trading day of the AGM, which will be announced later. (Tadawul, Tarek El-Shawarby, Wafaa Baddour)   Yanbu Cement: SAR38.96 as of 28 January 2016, Rating: Buy, FV: SAR64.50 per share, MCap: USD1,636 million, YNCCO AB / 3060.SE