Riyadh – Mubasher: Al Sagr Cooperative Insurance said its board recommended 20% cash dividends, equivalent to SAR 2 per share, for the fiscal year 2016, according to a bourse statement.
Total proposed dividends amount to SAR 50 million.
Shareholders of record as of the date of the general meeting will be entitled to receive dividends.
The date of dividend payout will be determined later, the company said.
The company’s capital amounts to SAR 250 million, distributed among 25 million shares at SAR 10 per share.
