Riyadh–Mubasher: The board of United Wire Factories (Aslak) recommended cash dividends for the second half of 2015 at 6.5% of the stock’s par value, or SAR 0.65 a share, totalling SAR 28.52million.
The record and payout dates will be announced later, the company said in a bourse statement.
Earlier, the company had paid out cash dividends for the first half of 2015 at 8% of the stock’s par value, or SAR 0.80 a share, totalling SAR35 million.
By combining the two distributions, 2015 cash dividends will stand at 14.5% of the stock’s par value, or SAR 1.45 a share, totalling SAR63.6 million.
The company’s profits for the second half of 2015 stayed as equal as the year-ago period at SAR 33.3 million
