Riyadh – Mubasher: United Wire Factories Company (Aslak) on Monday revealed that its board recommended distributing SAR 21,937 in cash dividends for the year ended 31 December 2017, with a per-share dividend of SAR 0.5.

The distributed dividend represents 5% of the share’s face value, according to a filing to the Saudi Stock Exchange (Tadawul).

The Tadawul-listed firm did not give further details concerning the distribution date.

 Aslak last posted a 68.77% year-on-year drop in its profits to SAR 25,571 during the full-year 2017.