National Metal Manufacturing and Casting Co.’s (Maadaniyah) shareholders on Wednesday approved a 5 percent cash dividend to be issued at the rate of SAR 0.50 per share for fiscal year 2016, the company said in a bourse statement.

 

The board of directors was reelected for the new three-year term starting from May 25, 2017, with Mutlaq Al-Morished reappointed as a chairman.

 

In addition, the extraordinary general assembly approved a remuneration of SAR 200,000 for each board member for the fiscal year 2016.

 

Shareholders also approved the board of directors’ recommendation to appoint Mohammed Al Omari and Co.as external auditors for fiscal year 2017.  

 

Cash Dividend Details (2016)

Current Capital

SAR 281.12 mln

Number of shares

28.11 mln

Cash dividend

SAR 14.06 mln

Percent capital

5% (SAR 0.50/share)

Record date

General assembly meeting- to be announced later

Payment day

To be announced later

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