SAPTCO board recommend withholding FY 2018 dividend

13/03/2019 Argaam

Saudi Public Transport Co.’s (SAPTCO) board of directors has recommended to hold off

issuing a cash dividend for fiscal year 2018.

 

The step aims to support the company’s financial position and provide necessary liquidity to finance future projects and expansions in accordance with its strategic plans.

 

The decision is pending approval by the company’s general assembly.

 

SAPTCO distributed SAR 0.5 per share cash dividend for each year of 2016 and 2017, according to data available in Argaam.

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