Riyadh – Mubasher: The ordinary general assembly meeting (OGM) of Buruj Cooperative Insurance Company has approved the board of directors’ recommendation to distribute cash dividends for 2018 at SAR 1 per share.

The dividends amount to a total SAR 30 million, representing 10% of the company’s capital nominal value, according to the company’s statement to the Saudi Stock Exchange (Tadawul) on Thursday.

The eligibility of dividends will be for shareholders on 27 November, registered in the Register of Securities Depository Center by the end of the second trading day, on 1 December 2019.

Dividend distributions will be paid within 15 business days post the eligibility date, the statement noted.

The company’s capital amount to SAR 300 million, distributed over 30 million shares.