ARDCO approves 8% dividend for H217
The general assembly of Arriyadh Development Co. (ARDCO) has approved an 8 percent cash dividend (SAR 0.80 per share) for the second half of 2017 amounting to SAR 106.7 million.
Shareholders also delegated the company’s board of directors to issue semi-annual or quarterly dividend for fiscal year of 2018 according to corporate rules and regulations.
|
Cash Dividend Details (H2-2017) |
|
|
Current capital |
SAR 1333.3 mln |
|
Number of shares |
133.3 mln |
|
Cash dividend |
SAR 106.67 mln |
|
Percent capital |
8% (SAR 0.80/share) |
|
Record date |
April 16, 2018 |
|
Payment day |
May 1, 2018 |
|
Dividend for FY 2017 |
|
|
Total cash dividend |
SAR 173.34 mln |
|
Percent of capital |
13% (SAR 1.30/share) |
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