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SASCO plans SAR 1/shr in 2019 dividends

SASCO plans SAR 1/shr in 2019 dividends
Dividends represent 10% of the share’s par value
SASCO
4050
0.97% 26.00 0.25

Riyadh – Mubasher: The board of Saudi Automotive Services Company (SASCO) recommended the distribution of SAR 60 million as cash dividends to shareholders for fiscal year (FY) 2019, or SAR 1 per share.

The proposed dividends represent 10% of the share’s par value, with the number of eligible dividends standing at 60 million shares.

Eligibility of dividends will be for shareholders registered in the Securities Depository Center (Edaa) at the end of the second trading day following the date of the general assembly meeting.

Moreover, the company has received on Wednesday a notice from Saudi Aramco with the value of the retroactive increase in the fuel profit margin at SAR 112 million with VAT included, for the period from 23 August 2018 to 1 February 2020.