Riyadh – Mubasher: Bawan Holding reported a net profit of SAR 21.77 million for the third quarter of 2016, up 8.2% from SAR 20.13 million in the same period last year.
The company decided to distribute dividends to shareholders at SAR 0.25 per share, representing 2.5% the share’s nominal value and totalling SAR 15 million, according to a bourse filing released Wednesday.
Shareholders listed on the company’s books by the end of trading on Monday, 24 October will be entitled to the distributions, which will commence on Tuesday, 15 November, Bawan added.
The stock closed Tuesday’s session in the red, falling 6.39% to SAR 15.39.
