Jazan Development Co.’s shareholders on Tuesday approved a 5 percent cash dividend at SAR 0.50 per share for the fiscal year 2016, totaling SAR 25 million.
This is the first time Jazan will pay dividend since 2008.
The extraordinary general assembly also approved a remuneration of SAR 100,000 for each board member for fiscal year 2016.
|
Cash Dividend for FY16 |
|
|
Current capital |
SAR 500 mln |
|
Number of shares |
50 mln |
|
Cash dividend |
SAR 25 mln |
|
Percent capital |
5% (SAR 0.50/share) |
|
Record date |
May 4 |
|
Payment day |
To be announced later |
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