Riyadh – Mubasher: The general assembly of Saudi Automotive Services Company (SASCO) approved distributing SAR 60 million as cash dividends to shareholders for fiscal year (FY) 2019, equivalent to SAR 1 per share or 10% of the share's par value.

Eligibility of dividends will be for shareholders on the general assembly’s meeting day and registered shareholders in the register of the Securities Depository Center Company (Edaa) at the end of the second trading day following the maturity date.

The distribution date will be announced in due course, according to a statement to the Saudi Stock Exchange (Tadawul) on Tuesday.

Moreover, the assembly approved a remuneration of SAR 1.8 million to board members for 2019, or SAR 200,000 for each board member.