Saudi Catering shareholders authorize board to pay interim dividend for FY2020

Saudi Airlines Catering Co.’s shareholders approved authorizing the board to pay interim dividend for the fiscal year 2020 on a quarterly or semi-annual basis, during the ordinary general meeting held on April 21, the company said in a bourse filing.

Shareholders also approved the board of directors’ recommendation to distribute dividends for FY2019 at 55.5% of capital, or SAR 5.55 a share, totaling SAR 455.1 million.

According to data compiled by Argaam, Saudi Catering board postponed a 14% cash dividend for the fourth quarter of 2019, at SAR 1.4 per share, amounting to SAR 114.8 million.