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Al Jouf to distribute SAR 1/shr cash dividends

Al Jouf to distribute SAR 1/shr cash dividends
(Photo Credit: Arabianeye-Reuters)
ALJOUF
6070
2.00% 51.10 1.00

Riyadh – Mubasher: The extraordinary general meeting (EGM) of Al Jouf Agricultural Development on Thursday approved distributing SAR 1 per share, or 10% of capital, as cash dividends for fiscal year 2016.

The company will start paying dividends for the registered shareholders on 7 May, according to a bourse statement.

Al Jouf’s EGM also approved the election of the board of directors for its new session of three years, starting 22 March 2018 and ending on 31 March 2021.

It also approved the board’s and auditors’ reports for FY16.

Al Jouf had previously reported a 7.4% increase in net profit, reaching SAR 77.71 million in 2016, compared to SAR 72.4 million in 2015.