Saudi Marketing Company (SAMCO), also known as Farm Superstores, recommended on Thursday a 15 percent cash dividend to be issued at SAR 1.5 per share for first quarter of 2015, instead of 2014.
The company’s board had previously recommended a 15 percent dividend for the last fiscal year at SAR 1.5 per share, but decided to change the date after receiving a letter from the ministry of commerce criticizing the idea.
|
Cash Dividend Details |
|
|
SAR 350 mln |
Current capital |
|
35 mln shares |
Number of shares |
|
SAR 52.5 mln |
Cash dividend |
|
15% ( SAR 1.5/share) |
Percent of capital |
|
June 25, 2015 |
Record date |
|
July 5, 2015 |
Payment day |
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