Mubasher: The board of United Wire Factories Co (Aslak) recommended 6.5% of cash dividends for the second half of 2016.

The company will distribute SAR 0.65 per share, with an overall value of SAR 28.5 million, according to a bourse statement issued on Sunday.

During the first half of 2016, Aslak distributed 10% cash dividend to the entitled shareholders, with a total value of SAR 43.9 million.

Thus, the overall value of dividends distributed in fiscal year 2016 stands at SAR 72.39 million.