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Zahrat Al Waha nods to SAR 11.25m dividend for H1-19

Zahrat Al Waha nods to SAR 11.25m dividend for H1-19
Zahrat Al Waha will pay SAR 0.75 per share
OASIS
3007
-0.16% 31.90 -0.05

Riyadh – Mubasher: The ordinary general meeting (OGM) of Zahrat Al Waha for Trading Co has approved the board’s recommendation of distributing 7.5% of the capital as cash dividends to the shareholders for the first half of 2019.

Zahrat Al Waha will, therefore, pay SAR 0.75 per share as dividends for H1-19 at a total value of SAR 11.25 million.

Furthermore, the OGM approved to authorise the board of directors to distribute interim dividends, on a quarterly or semi-annual basis, for fiscal year 2019, according to a disclosure to the Saudi Stock Exchange (Tadawul) on Sunday.

During the first half of 2019, Zahrat Al Waha reported a rise of 59.3% in profits to SAR 19.27 million, compared to SAR 12.1 million in the same period last year.