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Saudi Electricity to pay cash dividends 3 May

Saudi Electricity to pay cash dividends 3 May
Saudi Electricity Co
SAUDI ELECTRICITY
5110
-0.56% 17.70 -0.10

Riyadh-Mubasher: Shareholders of Saudi Electricity Co (SEC) gave a nod to the payment of cash dividends for the fiscal year 2014 at SAR 0.70 per share.

Shareholders of record on 20 April are eligible for the dividends, which will be paid on 3 May.

The state-owned utility posted SAR 1.9 billion in net losses for the first quarter of 2015, a surge of 112.5% from SAR 913 million in net losses logged in the same period a year ago.