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Sumou Real Estate nods to SAR 25m dividends for FY19

Sumou Real Estate nods to SAR 25m dividends for FY19
The dividend amount represents 10% of the company’s capital
SUMOU
9511
-0.63% 47.50 -0.30

Riyadh – Mubasher: The ordinary general meeting (OGM) of Sumou Real Estate Company consented to distribute cash dividends worth SAR 25 million to shareholders for fiscal year (FY) ending on 31 December 2019.

The dividend amount, equivalent to SAR 1 per share, represents 10% of the company’s capital, according to a bourse disclosure on Wednesday.

Eligibility of dividends will be to shareholders owning shares on the OGM's date and those registered in the register of the Securities Depository Center Company (Edaa) at the end of the second trading day following the eligibility date.

The shareholders further approved a remuneration of SAR 750,000 to board members for 2019, equivalent to SAR 150,000 per each member.