Saudi Arabia Fertilizers’ (SAFCO) shareholders will vote on March 29 on the board’s proposal for distributing a 15% cash dividend, or SAR 1.5 per share, for H2 2019, the firm said in a statement to Tadawul.
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Dividend Details (H2 2019) |
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Current Capital |
SAR 4.166 bln |
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Number of shares |
416.7 mln |
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Dividend |
SAR 625 mln |
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Percentage of capital |
15% (SAR 1.5 per share) |
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Record date |
March 29, 2020 |
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Payment date |
April 12, 2020 |
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Dividend for FY 2019 |
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Total dividend |
SAR 1.25 bln |
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Percentage of capital |
30% (SAR 3 per share) |
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The general assembly will also endorse the financial results, the board and auditor’s reports for the fiscal year (FY) ended Dec. 31, 2019.
A new board of directors will be elected for the next three-year term starting on March 29, 2019.
Shareholders will vote on hiring an auditor from among nominees, discharging board members from liabilities during FY19, in addition to a board remuneration of SAR 1.40 million for the previous fiscal year.
They will also vote on authorizing the board of directors to distribute interim dividends on a quarterly or biannual basis for the year 2020.
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