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Bahri to distribute SAR 2.5/shr for 2016

Bahri to distribute SAR 2.5/shr for 2016
(Photo credit: Arabianeye - Reuters)
BAHRI
4030
0.53% 22.62 0.12

Riyadh – Mubasher: The National Shipping Company of Saudi Arabia's "Bahri" ordinary general meeting approved distributing SAR 2.5 per share for 2016.

The cash dividends represent 25% of the nominal value of the share, and amount to SAR 984.38 million, according to a bourse filing on Tuesday.

Shareholders registered at the end of trading on the date of the OGM will be entitled to the distributions.

The meeting which was held on Monday also tackled electing the board members for the new session, which lasts till 16 January 2020.

Bahri reported a profit of SAR 327.82 million in the fourth quarter of 2016, down 42.12% year-on-year from SAR 566.4 million.