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GASCO’s shareholders approve SAR 37.5m dividends for 2020

GASCO’s shareholders approve SAR 37.5m dividends for 2020
GASCO will pay 5% of the capital as dividends
GASCO
2080
-0.98% 60.90 -0.60

Riyadh – Mubasher: National Gas and Industrialization Company (GASCO) will distribute a cash dividend of SAR 0.5 per share, representing 5% of the share’s par value, following the shareholder’s approval on 22 June.

GASCO will pay a total of SAR 37.5 million or 5% of the capital to the entitled shareholders for 2020, according to a bourse filing on Wednesday.

The company said it will later announce the distribution date.

The board of the listed firm approved last April a dividend payout accounting for 5% of the capital for last year.