Dur approves 3% dividend for H2 2017

01/04/2018 Argaam

 

Dur Hospitality Co.’s (Dur) general assembly on Thursday approved a 3 percent cash dividend for the second half of 2017, at SAR 0.3 per share, amounting to SAR 30 million.

 

Shareholders also approved distributing dividend on a semi-annual or quarterly basis for the year 2018, Dur said in a bourse statement.

 

Cash Dividend Details (H2 2017)

Current Capital

SAR 1 bln

Number of shares

100 mln

Cash dividend

SAR 30 mln

Percent capital

3% (SAR 0.3 per share)

Record date

April 1, 2018

Payment date

To be determined

Dividend for FY 2017

Total cash dividend

SAR 70 mln

Percent of capital

7% (SAR 0.7/share)

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