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Savola to pay 59% of H1 profits as dividends

Savola to pay 59% of H1 profits as dividends
Photo Credit: Arabianeye - Reuters
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2050.B
6.03% 37.80 2.15

By Mouaz bin Saad

Riyadh – Mubasher: The Savola Group board of director has recommended the distribution of cash dividends for H1-15 at SAR 1 per share, or 10% of capital, totaling SAR 533.98 million.

The dividend distribution accounts for 59% of H1 profit that reached SAR 904.90 million.

Shareholders of record till 2 August will be entitled to receive the dividends that will be distributed on 16 August.

Translated by Sayed Abdel Rahman