The board of Al Abdullatif Industrial Investment Co. proposed paying a cash dividend of 5 percent (SAR 0.50 per share) for fiscal year 2016, up from its previous recommendation of 4 percent.
The dividend will be paid from retained earnings, the company added in a statement to the Saudi bourse.
Al Abdullatif had distributed a cash dividend at 15.5 percent of capital for fiscal year 2015.
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Cash Dividend Details (FY16) |
|
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Current capital |
SAR 812.50 mln |
|
Number of shares |
81.25 mln |
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Cash dividend |
SAR 40.625 mln |
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Percent capital |
5% (SAR 0.50/share) |
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Record date |
General assembly meeting- to be announced later |
|
Payment day |
To be announced later |
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