AI Summary
The board of directors of Qassim Investment Holding Co. has recommended a 2.5 percent cash dividend (SAR 0.25 per share) for the first quarter of 2017.
In February, the company had reduced its capital by 40 percent to SAR 300 million from SAR 500 million to offset accumulated losses, according to data compiled by Argaam.
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Cash Dividend Details (Q1-2017) |
|
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Current capital |
SAR 300 mln |
|
Eligible shares |
30 mln |
|
Cash dividend |
SAR 7.5 mln |
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Percent capital |
2.5% (SAR 0.25/share) |
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Record date |
June 12, 2017 |
|
Payment day |
July 4, 2017 |
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