SAPTCO shareholders to vote on 5% dividend on Apr. 29

Saudi Public Transport Co.’s (SAPTCO) shareholders will vote on the board of directors’ recommendation to distribute a 5 percent cash dividend amounting to SAR 62.5 million (SAR 0.50 per share) at the company’s general assembly meeting on April 29.

Shareholders are also set to review the board and auditor’s reports, as well as financial statements for fiscal year 2017. They will also discuss a board remuneration of SAR 1.8 million for the fiscal year 2017.

SAPTCO will also hire an external auditor for the current fiscal year.