Farm Superstores says ministry ‘hesitant’ on 2014 dividend

31/05/2015 Argaam

Saudi Marketing Company (SAMCO), also known as Farm Superstores, said it recently received a letter from the ministry of commerce and industry stating its reservations about the company’s dividend payout for 2014.

 

SAMCO has requested an appointment with the ministry to discuss its position, the company said in a filing to Tadawul, Saudi Arabia’s bourse.

 

The company’s board had declared a 15 percent cash dividend for fiscal year 2014 at SAR 1.5 per share, according to data compiled by Argaam.

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