Al Jouf Agricultural approves 10% dividend for 2016

Al Jouf Agricultural Development Co.’s extraordinary general assembly has approved a 10 percent cash dividend at the rate of SAR 1 per share for fiscal year 2016, the company said in a statement to Tadawul on Sunday.

Dividends will be deposited to shareholders’ bank accounts on May 7 through Al Rajhi Bank.

During the meeting, shareholders also approved a board remuneration of SAR 1.8 million (SAR 200,000 for each director) for fiscal year 2016, and contracts signed last year with board member Abdalrahman Saeed Alyomni worth SAR 641,742.