Riyadh – Mubasher: Al Moammar Information Systems Company’s board of directors has recommended distributing SAR 16 million in cash dividends to shareholders for the second half (H2) of last year.

Dividends will be distributed on 27 January 2020 at SAR 1 per share, representing 10% of the share’s par value, according to the company’s statement to the Saudi Stock Exchange (Tadawul).

Eligibility of dividends will be for shareholders at the end of trading on 12 January, and as per the registered shareholders in the register of the Securities Depository Center Company (Edaa) at the end of the second trading day following the eligibility date.

The dividends distribution will be carried out by the Banque Saudi Fransi through bank transfers to the shareholders’ bank accounts.

The board recently recommended raising the company’s capital by 25% from SAR 160 million to SAR 200 million through the issuance of four million bonus shares.