Riyadh – Mubasher: Al Yamamah Steel Industries said Monday that its board of directors approved to distribute cash dividends at SAR 1.5 per share (15% of the capital) for the first half of fiscal 2016, totalling SAR 76.2 million.

The dividend eligibility will be for shareholders registered till the end of trading on 6 June and will be distributed on 26 June, according to a bourse filing.

The approval come after a week from the company’s listing on the Saudi Stock Exchange (Tadawul) on 22 May.

The company’s profit rose in H1-16 by 5.6% to SAR 90.48 million, versus SAR 85.7 million in H1-15.