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Halwani Bros OKs SAR 2.5/shr dividends for 2017

Halwani Bros OKs SAR 2.5/shr dividends for 2017
The dividends will be distributed on 16 April
HB
6001
-1.25% 43.45 -0.55

Riyadh – Mubasher: Halwani Bros Co on Sunday announced that its ordinary general meeting (OGM) had approved distributing a cash dividend of SAR 2.5 per share for 2017.

The dividends, which represent 25% of capital, will be paid to shareholders through their accounts at Banque Saudi Fransi (BSF), the food producer said in a statement to the Saudi Stock Exchange (Tadawul).

The Saudi-based firm noted that the dividends will be distributed on 16 April to the shareholders on record on 5 April.

The OGM also nodded to pay SAR 1.8 million in remuneration to the board members, or SAR 200,000 each, for the fiscal year ended 31 December 2017, the statement showed.

Halwani Bros had previously posted a 37.9% surge in its net profit, registering SAR 71.3 million during the full-year 2017, compared to SAR 51.9 million a year earlier.

By 11:37 am Saudi time, Halwani Bros' stock traded down 4.65% to SAR 57.60.