Riyadh – Mubasher: Savola Group announced on Thursday that its board has approved a cash dividend to shareholders for the second quarter of 2016 amounting to SAR 0.25 per share.

The dividend distribution represents 2.5% of the nominal share value and totals SAR 133.5 million ($35.6 million), according to a bourse filing.

The maturity date for the dividends will be for all shareholders registered in the company’s books at the end of the trading day on 31 July. The dividend payments will be processed as of 15 August, 2016.

Earlier on Thursday, Savola announced SAR 246.7 million ($65.78 million) in profits in the second quarter of 2016.

Total dividends distributed to shareholders during the first half of 2016 will reach SAR 267 million (SAR 0.50 per share), which represents 5% of the company's nominal share value.