Riyadh – Mubasher: National Gas and Industrialization Company (GASCO) announced on Wednesday that its board of directors recommended cash dividends of SAR 0.35 per share or 3.5% of the stock’s par value for the fourth quarter of fiscal 2016, totalling SAR 26.25 million.
Thus, total dividends for fiscal 2016 amounts to SAR 93.75 million, equivalent to SAR 1.25 per share or 12.5% of the stock’s par value, according to a bourse filing.
GASCO earlier paid cash dividends of SAR 1.4 per share or 14% of the capital for the fiscal year 2015, totalling SAR 105 million.
On another note, the company appointed Abdullkareem Al Nujaidi as chairman of the board and Ali Mohammed Ali Al Saflan as deputy chairman.
