Middle East Paper Co.’s (MEPCO) board of directors has recommended a 5 percent cash dividend for the first half of 2018, at SAR 0.5 per share, amounting to SAR 25 million.
On Monday, the company’s general assembly delegated its board of directors to distribute dividend for the fiscal year 2018 on a quarterly or a semi-annual basis according the corporate law, according to data available on Argaam.
|
Dividend Details (H1 2018) |
|
|
Current Capital |
SAR 500 mln |
|
Number of shares |
50 mln |
|
Dividend |
SAR 25 mln |
|
Percentage of capital |
5% (SAR 0.5 per share) |
|
Record date |
November 1, 2018 |
|
Payment date |
To be determined |
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