Riyadh – Mubasher: The extraordinary general meeting (EGM) of Aseer Trading, Tourism and Manufacturing approved the distribution of cash dividends for 2016.

The company will distribute dividends at SAR 1 per share or 10% of capital, totaling SAR 126.4 million, according to a bourse filing on Monday.

The distribution of the dividends will start as of 9 May through Arab National Bank (ANB) for the registered shareholders at the end of trades on the EGM day on 23 April.

As for the shareholders registered with the Securities Depository Center Company (the center), their eligibility of the dividends will by the end of the second day of trades following the day of the EGM.

The EGM also agreed on the board and auditors’ reports for 2016, the statement added.

As for the financial results of the twelve-month period of 2016, the company recorded SAR 184.6 million losses against SAR 160.3 million in 2015.