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Saudi eXtra's board approves SAR 1.25/shr dividends for H2-18

Saudi eXtra's board approves SAR 1.25/shr dividends for H2-18
Dividends amounted to SAR 62.5 million for H2-18
EXTRA
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0.53% 95.60 0.50

Riyadh – Mubasher: Saudi Arabia’s United Electronics Co. (eXtra) on Tuesday announced that the company’s board of directors had decided to distribute cash dividends for the second half of 2018.

The Saudi firm will distribute a cash dividend of SAR 1.25 a share, or 12.5% of the share’s nominal value, on 5 May with a total value of SAR 62.5 million, divided into 50 million shares, according to a statement to the Saudi Stock Exchange (Tadawul).

The eligibility of dividends shall be for the shareholders on 21 April and as per the registered shareholders in the register of the Securities Depository Center Company at the end of the second trading day following the eligibility date.

During the fourth quarter of 2018, the company’s profits rose 9% to SAR 62.87 million, logging SAR 161 million for the full-year 2018.