Riyadh – Mubasher: Astra Industrial Group’s board recommended the distribution of cash dividends of SAR 0.50 per share for 2016.
The dividends will be of a total value of SAR 40 million, representing 5% of the nominal value, according to a bourse filing on Sunday.
The eligibility of dividends concerns shareholders registered at the close of trading on the day of the general assembly’s meeting, which will be announced after obtaining the regulatory approvals.
Net profits surged 573.5% to SAR 45.2 million in 2016 from SAR 6.7 million in 2015.
The general assembly of Astra had decided not to distribute dividends to shareholders for fiscal year 2015.
