Sanad Insurance to get SAR 338,500 dividend on its investments

30/04/2015 ِArgaam
Sanad Cooperative Insurance and Reinsurance Company said that it will receive a cash dividend of SAR 338,500 on its 192,310 shares held in Najm for Insurance Services Company.
 
Najm’s general assembly approved on Wednesday a cash dividend at SAR 1.76 per share for fiscal year 2014, the insurer said in a filing to Tadawul.
 
This return on investments should have a positive impact on second quarter results, the company added.
 
Sanad’s accumulated losses dropped to 81.8 percent of its capital after it reported a net profit of SAR 2.5 million in March, according to data compiled by Argaam.

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