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Al Jouf to distribute SAR 15m dividends for H1

Al Jouf to distribute SAR 15m dividends for H1
The company will pay a total of SAR 15 million for H1-19
ALJOUF
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Riyadh – Mubasher: The board of directors of Al Jouf Agricultural Development Company has approved distributing 5% cash dividends to shareholders for the first half of 2019.

The company will pay a total of SAR 15 million, or SAR 0.5 per share, according to a filing to the Saudi Stock Exchange (Tadawul) on Tuesday.

The eligibility of dividends shall be for the shareholders owning shares on 4 August 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.

It is worth noting that Al Jouf Agricultural posted a 266.7% year-on-year profit increase in H1-19, recording SAR 7.69 million.