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Qassim Agriculture to distribute SAR 0.25/shr dividends for Q1

Qassim Agriculture to distribute SAR 0.25/shr dividends for Q1
Total distributions amount to SAR 7.5 million
GACO
6020
15.12% 18.12 2.38

Riyadh – Mubasher: The ordinary general meeting (OGM) of Qassim Agriculture Company on Tuesday approved the distribution of cash dividends at 25 halalas per share for the first quarter of 2017 to its shareholders.

Total distributions amount to SAR 7.5 million, making up 2.5% of the par value of the company's shares.

The dividends will be distributed to registered shareholders by the end of the second trading day following the maturity date on 4 July, according to a filing to the Saudi Stock Exchange (Tadawul) on Wednesday.

The dividends will be paid within 15 days of the OGM’s approval.

The shareholders also approved the board’s and auditors’ reports, and financial statements for FY16.

The Saudi company's profits slid 99.78% to SAR 206,183 in Q1-17, from SAR 95.31 million in Q1-16.

By 10:40 am Saudi time, Qassim Agriculture Company’s stock decreased 0.75% to SAR 13.22 on Tadawul.