The board of Red Sea Housing Services Company, in a meeting held on Jan. 19, 2015, recommended cash dividend for 2014 at 10% of the stock par value, or SAR 1 per share, totaling SAR 60 million.
Shareholders of record until the close of trading on the general meeting date, to be unveiled later, will be eligible for this dividend.
The payment date will be announced later.
The company posted SAR 29.27 million net earnings for Q4 2014 , falling 32.73% year-on-year from SAR 43.51 million and 32.12% quarter-on-quarter from SAR 43.12 million.
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