Jazan Development Co.’s board of directors recommended on Saturday distributing a 5 percent cash dividend at SAR 0.50 per share for the fiscal year ending Dec. 31, 2016.
This is the first time Jazan pays dividend since 2008.
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Cash Dividend Details |
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Current capital |
SAR 500 mln |
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Number of shares |
50 mln |
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Cash dividend |
SAR 25 mln |
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Percent capital |
5% (SAR 0.50/share) |
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Record date |
General assembly date |
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Payment day |
To be announced |
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