Riyadh – Mubasher: Al Yamamah Steel Industries Company’s board recommended to distribute SAR 50.8 million in cash dividends to shareholders for the fiscal year (FY) ended on 30 September 2020.

This amount represents SAR 1 per share or 10% of the share’s nominal value, according to a stock exchange filing on Wednesday.

Eligibility of dividends will be to the shareholders on the maturity date, 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 general assembly’s meeting date, which will be announced in due course.

The distribution date will be announced later on, Al Yamamah Steel said.