Buruj shareholders approve 5% dividend for FY16

23/05/2017 Argaam

Buruj Cooperative Insurance Co.’s shareholders approved on Monday a 5 percent cash dividend (SAR 0.5 per share) for fiscal year 2016.

 

This will be the first dividend to be distributed by the insurer since its listing in Saudi bourse in 2010.

 

 Cash Dividend Details (2016)

Current capital

SAR 250 mln

Eligible shares

25 mln

Cash dividend

SAR 12.5 mln

Percent capital

5% (SAR 0.5/share)

Record date

May 22, 2017

Payment day

Within 15 days from May 24, 2017

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