Al Othaim plans 30% dividend for FY17

20/03/2018 Argaam

Abdullah Al Othaim Markets Co.’s board of directors has recommended a 30 percent cash dividend for the fiscal year 2017, at SAR 3 per share, amounting to SAR 135 million.

 

The company’s board had previously approved a dividend of SAR 2 per share for H1 2017, bringing the total dividend for FY17 to SAR 5 per share.

 

Cash Dividend Details (FY 2017)

Current Capital

SAR 450 mln

Number of shares

45 mln

Cash dividend

SAR 135 mln

Percent capital

30% (SAR 3.00 per share)

Record date

General assembly meeting

Payment date

To be determined

 

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