Riyadh – Mubasher: The board members of Saudi Company for Hardware (SACO) approved distributing 17.5% of capital as cash dividends for the first half of 2017.

The company will pay SAR 1.75 per share as dividends to the entitled shareholders, with a total value of SAR 42 million, according to a bourse filing issued on Thursday.

SACO will start distributing dividends on 11 October to the shareholders registered on 20 September.

During the first half of 2017, SACO achieved a rise of 8.13% in profits to SAR 71.12 million from SAR 65.77 million in the same half a year ago.