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SASCO to distribute dividends worth SAR 12m for 2020

SASCO to distribute dividends worth SAR 12m for 2020
SASCO will later announce the distribution date
SASCO
4050
-1.40% 35.10 -0.50

Riyadh – Mubasher: The shareholders of Saudi Automotive Services Company (SASCO) approved the board’s recommendation of paying an additional cash dividend of SAR 0.2 per share for 2020.

SASCO will pay a total of SAR 12 million, representing 2% of the capital, to the entitled shareholders for last year, according to a bourse filing on Thursday.

The company said it will later announce the distribution date.

In 2020, SASCO reported SAR 40.13 million worth of profits, lower by 66.7% than SAR 120.65 million in 2019.

The company recorded net profits of SAR 12.01 million during the first quarter (Q1) of 2021.