National Gypsum Co.’s board of directors has recommended a 4 percent cash dividend for the fiscal year 2018, at SAR 0.4 per share, amounting to SAR 12.7 million.
The company’s board has also approved transferring the surplus regulatory reserve of SAR 35.44 million representing 11.9 percent to retained earnings account. The process is pending approval from the general assembly which will be held on April 4, 2019.
The cash dividend will be paid from net profit of FY 2018 with the excess to be covered from retained earnings account.
|
Dividend Details (FY 2018) |
|
|
Current Capital |
SAR 316.7 mln |
|
Number of shares |
31.67 mln |
|
Dividend |
SAR 12.7 mln |
|
Percentage of capital |
4% (SAR 0.4 per share) |
|
Record date |
April 9, 2019 |
|
Payment date |
April 24, 2019 |
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