Riyadh – Mubasher: Al Yamamah Steel Industries Company’s ordinary general meeting (OGM) approved paying SAR 50.8 million or SAR 1 per share in cash dividends to shareholders for the period ended on 30 September 2020.

The distributions represent 10% of the share’s nominal value, the company said in a bourse statement on Tuesday.

Eligibility of dividends will be to the shareholders at the end of the OGM meeting 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 due date.

The distribution date is 25 February 2021.