SVCP recommends 15% dividend for H217

24/12/2017 Argaam

 

Saudi Vitrified Clay Pipes Co.’s (SVCP) board of directors has recommended a 15 percent cash dividend for the second half of 2017 (SAR 1.5 per share) amounting to SAR 22.5 million.

 

Cash Dividend Details (H2 2017)

Current capital

SAR 150 mln

Number of shares

15 mln

Cash dividend

SAR 22.5 mln

Percent capital

15% (SAR 1.5 per share)

Record date

December 31, 2017

Payment date

January 21, 2018

Dividend for FY 2017

Total cash dividend

SAR 45 mln

Percent of capital

30% (SAR 3/share)

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