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Al Samaani’s shareholders nod to 15% dividends for FY18

Al Samaani’s shareholders nod to 15% dividends for FY18
The company will pay total dividends of SAR 2.25 million
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Riyadh – Mubasher: Al-Samaani Factory For Metal Industries Company (Al Samaani) on Sunday said that the company’s shareholders approved to distribute a cash dividend of SAR 1.5 per share, representing 15% of the share’s nominal value, for the full-year 2018 during an ordinary general meeting held on Thursday, 9 May. 

The company will pay total dividends of SAR 2.25 million, according to a filing to the Saudi Stock Exchange (Tadawul).

The eligibility of dividends shall be for the shareholders at the end of trading on 9 May, 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.

The date of paying dividends will be specified later, the statement added. 

Al Samaani’s capital amounts to SAR 15 million, divided into 1.5 million shares.