Riyadh – Mubasher: Dur Hospitality Company’s ordinary general meeting (OGM) approved yesterday cash dividends at 7% of the capital or SAR 0.70 ($0.19) for the first half of the fiscal year 2015, totalling SAR 70 million ($18.7 million).
The dividend eligibility will be for shareholders registered by the end of trading on the date of the OGM. Maturity date will be announced later.
Total dividends for 2015 reached 12% of the capital or SAR 1.20 ($0.32), totalling SAR 120 million ($31.99 million), after adding 5% cash dividends paid for the first half of the year.
The OGM earlier approved the same cash dividends for the fiscal year 2014.
The company’s stock closed yesterday’s trading at SAR 23.82 ($6.35) after falling 0.71%.
