Riyadh – Mubasher: Saudi Airlines Catering Company on Sunday approved a cash dividend to shareholders of SAR 1.35 per share or 13.5% of the share’s par value.

After Zakat and income tax, the total value of the distribution will amount to SAR 110.7 million, the Saudi firm said in a bourse statement.

Dividends will be distributed on Tuesday, 3 July 2018.

Eligible shareholders are those who shares as at Thursday 21 June 2018 and are registered with the Securities Depository Center Company (Depository Center) at the end of the second trading day, Saudi Catering stated.

Last the week, the Saudi airlines service provider reported a slight decrease in its net profits for the first three months of 2018 to SAR 120.3 million, down 0.9% from SAR 121.4 million in the year-ago period.

The company attributed the decline to lower retail sector sales and losses from a subsidiary.