Ground Services board proposes dividends at 57% of Q4 earnings

Riyadh-Mubasher: Saudi Ground Services said its board recommended cash dividends for the fourth quarter of 2015 at 5.1% of the stock's par value, or SAR 0.51 a share, totalling SAR 95.88 million, or 56.75% of Q4 earnings.

Shareholders of record on 15 February are eligible for the dividends.

The payment date will be announced later.

The ground services provider posted SAR 169 million in net earnings for Q4-15, a rise of 0.46% compared with SAR 168 million a year earlier.

 

Mubasher Contribution Time: 07-Feb-2016 06:40 (GMT)