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Saudi Ceramics board nods to 10% cash dividend

Saudi Ceramics board nods to 10% cash dividend
The number of total eligible shares is 50 million (Photo Credit: Arabianeye-Reuters)
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Riyadh – Mubasher: The board of Saudi Ceramics agreed, on Wednesday, to pay SAR 1 per share as cash dividend for the fiscal year 2016.

The company will pay 10% cash dividend with an overall value of SAR 50 million, the company said in a bourse statement issued on Thursday.

Saudi Ceramics noted that the number of total eligible shares is 50 million. 

“The eligibility of dividends shall be for the shareholders registered as of the end of trading on the general assembly meeting day, which will be announced in due course after obtaining the necessary approvals from the official bodies,” the company added.