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Zoujaj proposes SAR 16m dividends for H1-17

Zoujaj proposes SAR 16m dividends for H1-17
(Photo Credit: Company website)
ZOUJAJ
2150
0.64% 31.30 0.20

Riyadh – Mubasher: The National Company for Glass Industries’ (Zoujaj) board recommended the distribution of cash dividends for the first half of 2017.

The company would pay dividends at SAR 0.50 per share, totalling SAR 16.45 million and representing 5% of the nominal value, according to a bourse statement on Thursday.

The eligibility for the dividends will be for shareholders of record at the end of trades on 2 July and who are registered with the Securities Depository Center (Edaa) at the end of the second day following the eligibility date.

The company will disclose the date of distributions later.

Zoujaj’s profits rose 11.76% to SAR 15.2 million in in the first quarter of 2017 compared to SAR 13.6 million in the year-ago period.