ARDCO to pay dividend for H1 2018 on Aug. 13

Arriyadh Development Co.’s (ARDCO) said it will pay cash dividend for the first half of 2018 on August 13, 2018.

 Shareholders of record on July 29, 2018, including those registered at the Securities Depository Center two days after this date, are eligible to receive the dividend, the company said in a bourse statement.

Last month, the company’s board of directors recommended a 5 percent cash dividend for the first half of 2018, at SAR 0.50 per share, amounting to SAR 66.67 million, according to data compiled by Argaam.