Aseer Trading, Tourism & Manufacturing Co.’s shareholders on Sunday approved distributing a 10 percent cash dividend at SAR 1 per share for fiscal year 2016, the company said in a statement to Tadawul.
Shareholders of record on April 25 are eligible to receive this dividend.
In addition, the extraordinary general assembly approved extending the annual lease totaling SAR 1.5 million for Al Khozama Management Co. under a five-year agreement for an additional year. Aseer owns a five percent stake in Al Khozama.
In addition, the board was discharged from liability for its activities last year.
|
Cash Dividend Details (FY 2016) |
|
|
Current capital |
SAR 1.26 bln |
|
Number of shares |
126.38 mln |
|
Total cash dividend |
SAR 126.38 mln |
|
Percent of capital |
10% (SAR 1/share) |
|
Record date |
April 25 |
|
Payment day |
May 9 |
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