MEPCO’s board proposes dividend for FY16

15/03/2017 Argaam

The board of directors of Middle East Paper Co. (Mepco) has recommended a 7.5 percent cash dividend (SAR 0.75 per share) for fiscal year 2016, the company said in a statement.

 

This is the second time the company issues a dividend to its shareholders since the stock debuted on Tadawul in May 2015. The last dividend issued was at SAR 0.5 per share for fiscal year 2015.

 

Cash Dividend Details (FY16)

SAR 500 mln

Current Capital

50 mln shares

Number of shares

SAR 37.5 mln

Cash dividend

7.5% (SAR 0.75/share)

Percent capital

General assembly date

Record date

To be announced

Payment day

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