Riyadh-Mubasher: Saudi Airlines Catering Company’s board meeting held on 20 July recommended a dividends per share (DPS) of SAR 1.75 for the second quarter of 2016.

Registered shareholders at the end of trading on 1 August will be entitled to receive the dividends starting from 31 August, according to a report released by MubasherTrade on Wednesday.

“We adjust our price target (PT) downward by 1.3% from SAR139.9/share to SAR138.1/share, implying an expected total return (ETR) of +56%, “ the report said.

MubasherTrade maintained Buy/Moderate Risk rating on Saudi Airlines Catering Company.