SAPTCO to deposit dividends into shareholder portfolios on April 10

Saudi Public Transport Co. (SAPTCO) will pay FY16 dividend through The National Commercial Bank (NCB) by depositing dividends in shareholder portfolios on April 10, the company said in a statement to the Saudi bourse Thursday.

Shareholders of record on March 27, the general assembly meeting date, are entitled to receive the dividend.

The company’s general assembly had earlier approved a 5 percent cash dividend (SAR 0.50 per share) for fiscal year 2016, totaling SAR 62.5 million, Argaam reported.