Astra plans 5% cash dividend

28/03/2018 Argaam

 

Astra Industrial Group’s board of directors has recommended paying a 5 percent dividend at SAR 0.5 a share, totaling SAR 40 million for FY17.

 

The dividend proposal is subject to regulatory approval, the company said in a bourse filing.

 

Shareholders of record on the general assembly meeting are entitled to receive dividend.

 

The payment date will be announced later.

 

Cash Dividend Details (FY 2017)

Current Capital

SAR 800 mln

Number of shares

80 mln

Cash dividend

SAR 40 mln

Percent capital

5% (SAR 0.5 per share)

Record date

General assembly meeting

Payment date

To be determined

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