Riyadh – Mubasher: Dur Hospitality Company announced on Wednesday that it ordinary general meeting (OGM) will be held on 29 March.
According to a bourse filing, the OGM will discuss a proposal to distribute cash dividends at 7% of the company’s capital or SAR 0.70 ($0.19) per share, totalling SAR 70 million ($18.667 million) for the second half of the fiscal year 2015
Shareholders of record on meeting date are eligible for the dividends.
The company earlier posted a net profit of SAR 23.4 million ($6.240 million) in the fourth quarter of 2015, against losses of SAR 25.6 million ($6.826 million) in the same period of 2015.
Dur’s share closed today’s trading at SAR 24.15 ($6.44) after falling 0.25%.
