Bahri approves 25% dividend for FY16

17/01/2017 Argaam

The National Shipping Company of Saudi Arabia’s (Bahri) general assembly approved a 25 percent cash dividend to be issued at the rate of SAR 2.5 per share for the fiscal year 2016.

Shareholders also elected nine board members for the new three-year term started on January 16, 2017.

Cash Dividend Details

Current Capital

SAR 3.937 bln

Number of shares

393.75 mln

Cash dividend

SAR 984.4 mln

Percent capital

25% (SAR 2.50/share)

Record date

January 16, 2017

Payment day

To be determined later


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