Thob Al Aseel plans 40% dividend for FY17

28/02/2018 Argaam

Thob Al Aseel Co.’s board has recommended a 40 percent cash dividend to be issued at SAR 4 per share for fiscal year 2017, amounting to SAR 60 million.

 

In a separate bourse statement, the company said that it has formed the board’s nominations and remunerations committee for the current three-year term ending on Sept. 4, 2021.

 

Cash Dividend Details (FY 2017)

Cash dividend

SAR 60 mln

Percent capital

40% (SAR 4 per share)

Record date

May 27, 2018

Payment date

Within 15 days from record date.

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