Riyadh-Mubasher: Dur Hospitality board proposed cash dividends at 7% of the stock’s par value, or SAR 0.70 a share, totalling SAR 70 million, or 109% of H2-15 earnings reaching SAR 64 million, the company said in a bourse statement.
Shareholders of record on the date of the upcoming general meeting are eligible for the dividends.
The dates of meeting and payment will be announced later.
The Tadawul-listed firm reported net earnings of SAR 23.4 million for the fourth quarter of 2015, versus losses of SAR 25.6 million in the year-earlier period.
