Riyadh – Mubasher: Saudi Ground Services’ board approved the distribution of cash dividends for the first quarter of 2017.

The company will pay SAR 0.65 per share, representing 6.5% of the nominal value and totaling SAR 122.2 million, according to a bourse statement.

Shareholders of record by the end of the trading session on 2 February 2017 will be entitled to receive dividends.

The registered shareholders at the end of trades on Sunday, 28 May and at the second day of trades following the eligibility day will be entitled of the dividends.

The Saudi-listed firm reported a decrease of 19.3% in profits to reach SAR 155.12 million in the first quarter of 2017 compared to SAR 192.14 million in Q1-16.