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SAPTCO shareholders to discuss dividend payout 4 April

SAPTCO shareholders to discuss dividend payout 4 April
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SAPTCO
4040
0.95% 10.66 0.10

Riyadh-Mubasher: Saudi Public Transport Co. (SAPTCO) said its ordinary general meeting (OGM) will be held on 4 April, to discuss agenda items, mainly dividend payout for 2015.

Shareholders will also look into the board’s report, balance sheet and profit/loss statement for 2015, the company said in a bourse statement.

On 5 January, the board recommended cash dividends at SAR 0.5 a share, totalling SAR 62.5 million.

FY15 earnings surged 93% to SAR 196.65 million, compared with SAR 102.05 million a year earlier.

The stock closed Sunday 3.81% higher at SAR 11.45.