National Gas General Assembly approves 2013 distributions and declares 4% cash dividends for Q1 of 2014

27/03/2014 Argaam

The general assembly of National Gas & Industrialization Co. approved, in its meeting held yesterday, 2013’s distributed dividends of 17.5% (SAR 1.75/share).

 The GA declared 4% cash dividends (SAR 0.40/share) for Q1 /2014, as shown in the following table:

Cash dividends details

SAR 750 million

Current capital

75 million shares

Number of shares

SAR 30 million

Q-1 total dividends

4% ( SAR 0.40 /share)

% of Capital

March, 31, 2014

Record date

April, 15, 2014

Payment date
 

    

It also approved the BOD’s decision to adopt quarterly dividends’ distribution policy as of Q1 of 2014.  

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