Saudi Airlines Catering Co. General Assembly approves 17.5% cash dividends (SAR 1.75/share) for Q4 2013

01/04/2014 Argaam

The general assembly of Saudi Airlines Catering Co. approved the BOD's recommendation to distribute 17.5% cash dividends to shareholders (SAR 1.75/share) for Q4 2013, as shown in the following table:

 

Cash dividends details

 

SAR 820 mn

Current capital

 

82 mn shares

Number of shares

 

SAR 143.5 mn

Q4 cash dividends

 

17.5% (SAR 1.75/share)

% of capital

 

March, 31, 2014

Record date

 

April, 13, 2014

Payment date

2013 dividends

 

SAR 451 mn

Total dividends

 

55% (SAR 5.5/share)

% of capital
 

The GA also authorized the company’s BOD to make periodic dividends’ recommendations and approved all items included in the agenda.

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