Saudi Real Estate Co.’s (Al Akaria) shareholders on Thursday approved a 5 percent cash dividend (SAR 0.5 per share) for H2-2016, bringing the total dividend for the fiscal year 2016 to SAR 1 per share.
Shareholders of record on the day of the general assembly meeting date are eligible to receive this dividend.
In addition, the extraordinary general assembly approved a remuneration of SAR 360,000 for each board member for the fiscal year 2016.
Shareholders also approved the board of directors’ recommendation to appoint Ernst & Young as statutory auditors for fiscal year 2017.
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Cash Dividend Details (H2-2016) |
|
|
Current capital |
SAR 1.2 bln |
|
Number of shares |
120 mln |
|
Cash dividend |
SAR 60 mln |
|
Percent capital |
5% (SAR 0.50/share) |
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Record date |
April 6, 2017 |
|
Payment day |
To be decided later |
|
Dividend for FY 2016 |
|
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Total cash dividend |
SAR 120 mln |
|
Percent of capital |
10% (SAR 1/share) |
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