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Saudi Ground Services to pay 10% dividends for H1

Saudi Ground Services to pay 10% dividends for H1
SGS will pay a total of SAR 188 million for H1-19
SGS
4031
0.35% 28.35 0.10

Riyadh – Mubasher: The board of directors of the Saudi Ground Services Company (SGS) has approved distributing 10% cash dividends to shareholders for the first half of 2019.

The company will pay a total of SAR 188 million, or SAR 1 per share, for the first six months of 2019, according to a bourse filing on Wednesday.

The Eligibility date shall be at the end of trading day 6 August for the shareholders registered in Depository Center (Edaa) at the end of the second trading day following the dividends distribution date.

SGS noted that the dividends will be paid on Monday, 2 September.

It is worth noting that SGS posted a 3.9% year-on-year profit increase during H1-19, recording SAR 227.9 million.