Riyadh – Mubasher: Bupa Arabia for Cooperative Insurance Co on Monday announced that its shareholders had approved to distribute a cash dividend of SAR 1.5 per share or 15% of the share’s nominal value for the fiscal year ended 31 December 2018 during an extraordinary general meeting (EGM) held on the previous day. 

Dividends will be distributed within 15 days as of the EGM date, the company said in a statement to the Saudi Stock Exchange (Tadawul).

The eligibility of dividends shall be for the shareholders owning shares at the end of the EGM date 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 company’s shareholders also approved purchasing long-term incentive plan (LTIP) shares valued at SAR 17.74 million to a maximum number of shares of 251,000 for its entitled LTIP employees. 

The allocation will be made within a maximum period of 12 months from the EGM date.