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SAPTCO shareholders approve dividends

SAPTCO shareholders approve dividends
Saudi Public Transport Co (SAPTCO)
SAPTCO
4040
-0.86% 16.08 -0.14

Riyadh-Mubasher: Shareholders of Saudi Public Transport Co (SAPTCO) gave a nod to the payment of cash dividends at 7.5% of capital, or SAR 0.75 a share, totalling SAR 93.7 million.

During Monday’s meeting, shareholders also approved cash dividends at SAR 0.5 per share, or 5% of the capital gains achieved from selling a land plot in Medina.

The company reported a 598.2% surge in its first-quarter net earnings to SAR 147.3 million, compared with SAR 21.1 million in Q1-14.