Riyadh – Mubasher: Al Jouf Agricultural Development Company (JADCO) on Wednesday announced that its shareholders had approved a cash dividend distribution of SAR 1 per share, or 10% of the share’s nominal value, for 2017 during an ordinary general meeting (OGM) held the previous day.

The total dividends amount to SAR 30 million, according to the company’s filing to the Saudi Stock Exchange (Tadawul).

JADCO’s profits plunged 62.44% to SAR 25.6 million for the full-year 2017, from SAR 68.15 million a year earlier.

By the end of Tuesday’s session, JADCO’s stock retreated 0.55% at SAR 27.19.