Riyadh – Mubasher: The ordinary general meeting (OGM) of Zamil Industrial Investment Co has approved a cash dividend distribution of SAR 2 per share for the fiscal year 2017.

Total distributions amounted to SAR 120 million, accounting for 20% of the company’s capital, Zamil said in a filing to the Saudi Stock Exchange (Tadawul) on Thursday.

The board has been assigned to distribute interim cash dividends, to be paid semiannually or quarterly, for the full-year 2018.

In March 2018, the board had approved a SAR 60 million, or SAR 1 per share, cash dividend distribution for the second half of 2017, representing 10% of the nominal value.

In August 2017, the board agreed to distribute dividends of the same value for H1-17.

Zamil’s stock closed Wednesday’s session down 0.58% at SAR 24.13.