Middle East Paper Co. (MEPCO) said it will start paying cash dividend for the fiscal year 2016 on Thursday, June 8, the company said in a statement on Monday.
The paper manufacturer will deposit the cash dividend into investors’ accounts through Arab National Bank.
Shareholders eligible to receive dividends will be those who own shares on the date of the bank’s extraordinary general assembly on May 24, and those who are registered at the Securities Depository Center (Edaa) on May 26.
The company’s extraordinary general assembly approved a 7.5 percent cash dividend (SAR 0.75 per share) for the fiscal year 2016, Argaam reported.
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