Riyadh – Mubasher: The Saudi Arabian Fertilizer Company’s (SAFCO) board of directors has recommended a cash dividend to shareholders for the first six months of 2018.

The distribution will involve SAR 1 per share for a total of 416.666 million shares, bringing the value of the distribution at SAR 416.666 million, SAFCO said in a statement to the Saudi Stock Exchange (Tadawul) on Sunday.

Shareholders of SAFCO’s shares at the end of trading on Wednesday, 25 July 2018 and registered with the Securities Deposit Center Company at the end of the second day of trading following the maturity date will be entitled to the distributions.

The cash dividend will be paid to shareholders on Wednesday, 8 August 2018, SAFCO concluded.