Fitaihi shareholders approve dividend for H2 2018; elect board members

21/04/2019 Argaam

 

 
Fitaihi Holding Co.’s shareholders have approved a 2.5 percent cash dividend for the second half of 2018, during the general assembly meeting that held on April 18, 2019.
 
Shareholders have also elected board members for the upcoming three-year term starting April 22, 2019.

 

The new board includes Ahmed Fitaihi, Omar Al Humaidan, Ibrahim Al Madhoun, Mohammad A. Fitaihi, Abdulmalik Fatuh,ddin, Suhail H. A. Qadi and Adnan Soufi.

 

 Meanwhile, they have also delegated board members to distribute cash dividend for the fiscal year 2019 on a quarterly or semi-annual basis.

 

Dividend Details (H2 2018)

Current Capital

SAR 550 mln

Number of shares

55 mln

Dividend

SAR 13.75 mln

Percentage of capital

2.5% (SAR 0.25 per share)

Record date

April 18, 2019

Payment date

May 1, 2019

Dividend for FY 2018

Total dividend

SAR 27.5 mln

Percentage of capital

5% (SAR 0.50/share)
   

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