Saudi Pharmaceutical Industries and Medical Appliances Corp's (SPIMACO) shareholders approved the board's recommendation on paying cash dividend at 5% of capital, or SAR 0.5 a share, totaling SAR 60 million for FY2019.
This came during the company's the ordinary general meeting (OGM) held on May 14.
SPIMACO shareholders approved financial statements, board's report, and auditor's report for fiscal year ending Dec. 31, 2019, the company said in a bourse statement.
Shareholders also discharged board members from liability for FY2019, and appointed a new auditor for three consecutive years.
During the meeting, shareholders also appointed two board members and approved the business contracts signed between the company and other entities.
|
Dividend Details (FY2019) |
|
|
Current Capital |
SAR 1.2 bln |
|
Number of shares |
120 mln |
|
Dividend |
SAR 60 mln |
|
Percentage of capital |
5% (SAR 0.5 per share) |
|
Record date |
May 14, 2020 |
|
Payment date |
To be determined later |
| P/E (TTM) | NEG |
| P/E Before Unusual Items (TTM) | NEG |
| P/BV | 2.59 |
| Dividend Yield | - |
| Market Cap. (M) | 3,834.00 |
| Return on Average Assets | (0.51 %) |
| Return on Average Equity | (1.46 %) |
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