Riyadh-Mubasher: Al Abdullatif Industrial Investment’s shareholders agreed on Tuesday to distribute cash dividends at 3% of capital for the fourth quarter of 2015, according to statement bourse filing.
The ordinary general meeting (OGM) approved the payment of SAR 0.30 per share, with an overall amount of SAR 24.37 million ($6.5 million).
The Saudi firm will start paying dividends on 2 May to shareholders registered on the OGM’s date.
Earlier, Shareholders approved distributing cash dividends at 12.5% of capital for the nine-month period ended 30 September, 2015, with a total value standing at SAR 101.56 million ($27.08 million) or SAR 1.25 per share.
Thus, the overall dividends approved for the fiscal year 2015 reached SAR 125.94 million ($33.58 million) or 15.5% of capital.
