Almarai to distribute SAR 0.85/shr

ALMARAI
2280 -0.60% 49.70 -0.30

Riyadh – Mubasher: Almarai Company’s Board of Directors has recommended distributing cash dividends to shareholders for 2019 at SAR 0.85 per share, equivalent to 8.5% of the share’s par value.

The dividends will have a total amount of SAR 850 million, distributed over a billion shares, according to the company’s statement to the Saudi Stock Exchange (Tadawul) on Monday.

The distribution, which is subject to the approval of the company’s general assembly, will be limited to shareholders who are registered in Tadawul at the end of the second trading day following the General Assembly Meeting, which will be determined after obtaining the formal approval of market authorities.

Source: Mubasher Source: {{details.article.source}}