Riyadh – Mubasher: Saudi Arabia Fertilizers Co (SAFCO) on Monday announced that the company’s shareholders had approved distributing a cash dividend of SAR 1.5 per share for the second half of 2018 during an ordinary general meeting (OGM) held the previous day.

SAFCO’s OGM also approved the cash dividends distributed for H1-18 at SAR 1 a share, according to a statement to the Saudi Stock Exchange (Tadawul).

Dividends for H2-18 will be distributed on 21 April for shareholders registered on the second trading day following the OGM date.

In March 2018, the Saudi company’s OGM approved distributing a cash dividend of SAR 1 per share for the H2-17.

For the full-year 2018, SAFCO’s profits surged 97.86% to SAR 1.74 billion, on the back of an 809.5% year-on-year profit jump in the fourth quarter of 2018.