National Gypsum Co. shareholders have approved a 4 percent cash dividend, or SAR 0.4 per share, for fiscal year of 2018, during the general assembly meeting held on April 9, 2019.
Shareholders elected a new board of directors for the three-year term starting from Apr. 10, 2019, the company said in a bourse filing on Wednesday.
Ahmed Fahad Al Thunayan was reappointed as board chairman, with Fahad Al Thunayan elected as managing director.
In addition, the company’s statutory reserves will be used to offset its accumulated losses amounting to SAR 8.33 million.
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Dividend Details (FY 2018) |
|
|
Current Capital |
SAR 316.7 mln |
|
Number of shares |
31.67 mln |
|
Dividend |
SAR 12.66 mln |
|
Percentage of capital |
4% (SAR 0.4 per share) |
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Record date |
April 9, 2019 |
|
Payment date |
April 24, 2019 |
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