Riyadh – Mubasher: The ordinary general assembly meeting (OGM) of the National Shipping Company of Saudi Arabia (Bahri) has approved the board’s recommendation to distribute SAR 393.75 million as cash dividends to shareholders for the second half (H2) of 2019.
The approved dividends will be distributed at SAR 1 per share, representing 10% of the share’s par value.
Distribution details and date will be announced at a later date, according to the company’s statement to the Saudi Stock Exchange (Tadawul).
Shareholders have also approved delegating the board of directors to periodically distribute dividends for 2020 on a quarterly or semi-annually basis, in accordance with the company’s financial position, cash flows, investment and expansion plans.
