The board of directors of Middle East Paper Co. (Mepco) has recommended a 7.5 percent cash dividend (SAR 0.75 per share) for fiscal year 2016, the company said in a statement.
This is the second time the company issues a dividend to its shareholders since the stock debuted on Tadawul in May 2015. The last dividend issued was at SAR 0.5 per share for fiscal year 2015.
|
Cash Dividend Details (FY16) |
|
|
SAR 500 mln |
Current Capital |
|
50 mln shares |
Number of shares |
|
SAR 37.5 mln |
Cash dividend |
|
7.5% (SAR 0.75/share) |
Percent capital |
|
General assembly date |
Record date |
|
To be announced |
Payment day |
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