Mubasher TV
Contact Us Advertising   العربية

Dur Hospitality to distribute SAR 0.45/shr for H2-16

Dur Hospitality to distribute SAR 0.45/shr for H2-16
(Photo Credit: Arabianeye-Reuters)
DUR
4010
15.19% 27.00 3.56

Riyadh – Mubasher: Dur Hospitality on Sunday announced that it will distribute cash dividends of 45 halalas per share for the second half of 2016, starting 1 May.

The distribution will take place through Riyad Bank and will be automatically deposited into the investment accounts linked to the shareholders' portfolios, the company added in its statement to the Saudi Stock Exchange (Tadawul).

Shareholders registered with the Capital Market Authority (CMA) at the end of the trading day of the shareholders’ meeting on 20 April will be eligible for the dividends, the statement showed.

The shareholders had approved on 20 April distributing a total amount of SAR 45 million in cash dividends, or 45 halalas per share, representing 4.55% of capital for H2-16.

The Saudi company had previously reported a drop of 16.88% in its profits reaching SAR 53.33 million in H2-16, compared to SAR 64.07 million in H2-15.

The stock ended Sunday’s trading session 0.7% lower at SAR 20.40.