Riyadh – Mubasher: Dur Hospitality Co said its shareholders approved 4.5% dividends or 45 halalas per share for the second half of 2016, according to a bourse statement.

Total approved dividends amount to SAR 45 million for H2-16.

The shareholders of record as of the end of the general meeting's date will be entitled to receive dividends.

The shareholders also approved the board’s recommendation to amend the articles of incorporation, as it will no longer set aside 5% of its net profit to fund its statutory reserve.

The company also approved a board remuneration of SAR 1.8 billion for 2016.