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Al Andalus Property proposes SAR0.50/shr dividends for 2015

Al Andalus Property proposes SAR0.50/shr dividends for 2015
Dividend payout at 5% of capital
ALANDALUS
4320
3.15% 27.80 0.85


Riyadh – Mubasher: The board of Al Andalus Property recommended paying out cash dividends for 2015 at 5% of capital, or SAR0.50 per share, totaling SAR35 million.

Shareholders of record till the upcoming ordinary general meeting would be entitled to the proposed dividends.

The company operates with SAR700 million, distributed over 70 million shares at a par value of SAR10 each.

During 2015, the company’s net profit rose by 8.4% year-over-year to SAR94.1 million from SAR86.81 million.

On Tuesday, the stock quote was 0.23% lower to SAR21.26 at close.