Riyadh – Mubasher: Al Jouf Agricultural Development will distribute cash dividends at 10% of capital, or at a total of SAR30 million, for the fiscal year 2015.
Shareholders of record till the coming ordinary meeting are eligible for the dividends starting from 17 April, the company said in a bourse filing.
The company is capitalized at SAR300 million, issued over 30 million shares at a face value of SAR10 each.
The ordinary meeting, which was held in March2015, also agreed on paying out dividends for 2014 at 10% of capital, or a total of SAR30 million.
The company’s net profits for 2015 declined 14.87% year-over-year to SAR91.1 million from SAR107 million.
The stock closed Sunday’s trading session lower 0.72% to SAR23.28.
