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Buruj’s board proposes SAR 30m dividends for 2018

Buruj’s board proposes SAR 30m dividends for 2018
Saudi riyals
BURUJ
8270
-0.42% 19.08 -0.08

Riyadh – Mubasher: Buruj Cooperative Insurance’s board of director has recommended the distribution of SAR 30 million in cash dividends for the fiscal year 2018.

The distribution date will be confirmed following the approval of the company’s shareholders, according to a bourse statement.

Dividends will be distributed to shareholders registered “at the end of the day of the general assembly meeting” and “at the close of the second trading day after the date of the assembly's meeting which approves the dividends”, the statement revealed.

Buruj’s profit declined by 19.3% to SAR 64.41 million during the first nine months of 2018, compared to SAR 79.78 million in the year-ago period.