SACO to vote on dividend for H2 2018 on April 30

26/03/2019 Argaam

Saudi Company for Hardware’s (SACO) shareholders are set to vote on a 10 percent cash dividend for the second half of 2018, during the general assembly meeting that will be held on April 30, 2019.

 

Shareholders will also vote on delegating the company’s board to distribute cash dividend for the fiscal year 2019.

 

Dividend Details (H2 2018)

Current Capital

SAR 360 mln

Number of shares

36 mln

Dividend

SAR 36 mln

Percentage of capital

10% (SAR 1 per share)

Record date

April 30, 2019

Payment date

April 17, 2019

Dividend for FY 2018

Total dividend

SAR 60 mln

Percentage of capital

16.7% (SAR 1.67/share)

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