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Maadaniyah’s shareholders approve 5% cash dividends

Maadaniyah’s shareholders approve 5% cash dividends
The dividend eligibility will be for shareholders registered till the end of trading on the OGM date
MAADANIYAH
2220
13.10% 18.30 2.12

Riyadh – Mubasher: National Metal Manufacturing and Casting Company’s (Maadaniyah) ordinary general meeting (OGM) agreed yesterday on distributing cash dividends at SAR 0.5 per share (5% of the capital)for the fiscal year 2015, totalling SAR 14 million.

The dividend eligibility will be for shareholders registered till the end of trading on the OGM date, distribution date will be announced late, according to a bourse statement released on Monday.

Earlier in April 2015, the OGM approved the same cash dividends for fiscal 2014.

The stock fell yesterday by 1.81% to SAR 25.43.