Riyadh-Mubasher: Tabuk Agricultural Development Co. (TADCO) said its board of directors recommended cash dividends for 2015 at 5% of the stock’s par value, or SAR 0.5 a share, totalling SAR 22.5 million.

The record and payout dates will be announced later, the company said in a bourse statement.

TADCO posted earnings of SAR 5.38 million for 2015, falling 25.14% compared with SAR 7.19 million a year earlier.

The company froze 2014 dividends for expansions.