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Tabuk Agriculture to distribute FY15 dividends on 12 January

Tabuk Agriculture to distribute FY15 dividends on 12 January
Tabuk's capital amounts to SAR 450 million- (Photo archive)
TADCO
6040
2.17% 14.16 0.30

Riyadh – Mubasher: Tabuk Agricultural Development Company’s board approved on Sunday to distribute cash dividends for the fiscal year 2015, as of 12 January.

The distribution will be through Riyad Bank, through direct transfer to the shareholders' investment portfolios, according to bourse filing.

In May, the company's extraordinary general meeting (EGM) approved to distribute cash dividends at SAR 0.5 per share (5% of the capital) for the fiscal year 2015, totalling SAR 22.5 million.

Tabuk's capital amounts to SAR 450 million distributed across 45 million shares with a nominal value of SAR 10.

The stock closed on Sunday with a rise of 3.56% to SAR 10.47.