Riyadh – Mubasher: The extraordinary general meeting (EGM) of Saudi Marketing (Farm Superstores) approved the distribution of cash dividends for 2016.
The company will pay SAR 1 per share, representing 10% of capital and totalling SAR 45 million.
The eligibility for the dividends will be to the shareholders of record at the end of the trading day following the EGM on 8 May.
Moreover, the meeting approved the board's and auditors’ reports for 2016, according to a bourse filing on Sunday.
In the twelve months of 2016, Farm Superstores posted SAR 91.2 million in profits, down 14.86% from SAR 107.15 in 2015.
