Riyadh – Mubasher: Saudi Marketing Company (Farm Superstores) will start the distribution of cash dividends for 2016 on 23 May.
The company will pay out dividends at SAR 1 per share or 10% of capital, totalling SAR 45 million, according to a bourse filing.
The distribution will be through the National Commercial Bank (NCB) for eligible shareholders registered on 4 May and at the end of trades of the following day of the eligibility date on 8 May.
Farm Superstores achieved SAR 91.2 million in profits in 2016, compared to SAR 107.15 million in 2015, with a fall of 14.86%.
