Bahri approves 15% dividend for FY 2018

15/04/2019 Argaam

The National Shipping Company of Saudi Arabia's (Bahri) shareholders have approved a 15 percent cash dividend for the fiscal year 2018, at SAR 1.5 per share, amounting to SAR 590.63 million.

 

Shareholders have also delegated the company’s board of directors to distribute cash dividend for the fiscal year 2019 on a semi-annual or a quarterly basis.

 

Dividend Details (FY 2018)

Current Capital

SAR 3.9375 bln

Number of shares

393.75 mln

Dividend

SAR 590.63 mln

Percentage of capital

15% (SAR 1.5 per share)

Record date

April 14, 2019

Payment date

To be determined

 

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