Savola Group’s board of directors recommended on Thursday a 10 percent cash dividend to be issued at SAR 1 per share for fiscal year 2017.

 

The edible oil producer had earlier said it will not pay quarterly dividend in fiscal year 2017, Argaam reported.

 

Cash Dividend Details for FY17

Current Capital

SAR 5340 mln

Number of shares

534 mln

Cash dividend

SAR 534 mln

Percent of capital

10% (SAR 1/share)

Record date

The second day after the general assembly meeting date

Payment day

To be determined later

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