Riyadh – Mubasher: The ordinary general assembly of Dur Hospitality Company approved distributing cash dividends worth SAR 0.25 per share to the shareholders for the second half of 2018 during a meeting held on Sunday, 12 May.

The hospitality company will pay SAR 25 million in dividends, representing 2.5% of the firm’s capital, according to the company’s filing to the Saudi Stock Exchange (Tadawul) on Monday.

The eligibility of dividends shall be for the shareholders at the end of trading on 12 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 healthcare provider noted. 

Moreover, the assembly also approved the appointment of Ernst & Young as the external auditor for 2019 and Q1-20.

It is worth noting that Dur Hospitality’s capital stands at SAR 1 billion.