Riyadh – Mubasher: Al Ahsa Development Company’s board of directors announced on Sunday that it has decided yesterday to postpone the payment of cash dividends until further notice.
The board said that it will reconsider cash dividends in accordance with the company’s statute, according to a bourse filing.
The board earlier recommended cash dividends at SAR 0.30 (3% of the capital) for the fiscal year 2015, totalling SAR 14.7 million.
The stock closed Thursday falling 1.51% to SAR 13.04.
