Riyadh – Mubasher: The ordinary general meeting (OGM) of Ataa Educational Company approved the board’s proposal for a cash dividend distribution of 10% of capital, amounting to SAR 40 million or SAR 1 per share, for the year ended 31 July 2020.

The eligibility for dividends is for shareholders registered at the Securities Depository Center (Edaa) at the end of the second trading day following the OGM date, the company said in a statement to the Saudi Stock Exchange (Tadawul) on Wednesday.

The shareholders also approved the payment of SAR 1.35 million in remuneration for the board of directors.

During the year ended 31 July, the company reported net profits of SAR 75.8 million, down by 8.4% from SAR 82.7 million a year earlier.