Shareholders of Al-Jouf Agricultural Development Co. on Apr. 10 will discuss the board's recommendation on paying a 10 percent cash dividend, to be issued at SAR 1.00 per share for fiscal year 2018, the company said in a statement to Tadawul on Tuesday.
Shareholders are also set to review the board and auditor’s reports, as well as financial statements for fiscal year 2018. They will also discuss a board remuneration of SAR 1.8 million for the fiscal year 2018.
Al Jouf will also hire an external auditor for the current fiscal year.
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Dividend Details – FY 2018 |
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Current Capital |
SAR 300 mln |
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Number of shares |
30 mln shares |
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Total dividend |
SAR 30 mln |
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Percentage of Capital |
10% (SAR 1.00 per share) |
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Record date |
April 10, 2019 |
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Payment date |
To be determined later on |
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