Riyadh – Mubasher: United Wire Factories Co (Aslak) invited shareholders to attend the extraordinary general meeting (EGM) on Sunday, 26 March.
The EGM will discuss the distribution of 6.5% of cash dividends for the second half of 2016 at SAR 0.65 per share, with an overall value of SAR 28.5 million.
Shareholders of record on the meeting date are eligible for the dividends, for which the date will be set later, according to a bourse statement on Thursday.
During H1-16, Aslak distributed 10% cash dividends to the entitled shareholders, with a total value of SAR 43.9 million.
The meeting will also vote on the board's decision regarding the dividends distributed for H1-16, in addition to discussing the board's report on the fiscal year which ended on 31 December, 2016.
Aslak posted SAR 11.3 million net profits in the fourth quarter of 2016, with a decrease of 6.61% year-on-year from SAR 12.1 million.
