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Astra Industrial’s board proposes SAR 1.5/shr dividend for 2021

Astra Industrial’s board proposes SAR 1.5/shr dividend for 2021
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Riyadh - Mubasher: The board of Astra Industrial Group has recommended a cash dividend of SAR 1.50 per share for 2021.

The company would pay a total of SAR 120 million, representing 15% of the capital, for 80 million eligible shares, according to a bourse disclosure on Wednesday.

The Saudi listed firm will announce the eligibility and distribution dates at a later time.

It is worth noting that the net profits of Astra Industrial after Zakat and tax reached SAR 202.36 million in 2021, a year-on-year (YoY) jump of 75.29% from SAR 115.44 million.