Raydan Cuisines to approve 5% cash dividend on June 26

Raydan Cuisines and Restaurants Co. shareholders will, on June 26, 2018, approve the board’s recommendation on paying cash dividend at 5 percent of capital, or SAR 0.5 a share, totaling SAR 11.3 million, the Nomu-listed company said in a bourse filing.

Shareholders of record on the general meeting date are entitled to receive dividend.

During the meeting, shareholders will approve the board of directors’ report, an audit report and all financial statements for 2017.

Shareholders will also discharge board members from liability associated with their activities in 2017, and select an external auditor for 2018 and Q1 2019.