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NCLE's shareholders nod to 8% dividends

NCLE's shareholders nod to 8% dividends
The cash dividend distribution stands at SAR 0.80 per share
NCLE
4291
-0.41% 48.50 -0.20

Riyadh – Mubasher: The ordinary general meeting (OGM) of the National Company for Learning and Education (NCLE) has approved to pay out cash dividends, equivalent to 8% of the company's share capital, for the fiscal year ended 31 August 2020.

The cash dividend distribution stands at SAR 0.80 per share, aggregating at a total amount of SAR 34.4 million, according to the company's disclosure to the Saudi Stock Exchange (Tadawul) on Thursday.

The company announced that the dividend distribution will start on Sunday, 24 January.

It is noteworthy to mention that in the first quarter (Q1) of fiscal year 2020/2021, NCLE plunged by 67.5% to SAR 3.788 million, compared to SAR 11.6 million in the prior-year period.