Riyadh-Mubasher: Halwani Bros. Company said its ordinary general meeting (OGM) agreed yesterday on distributing cash dividends at 25% of capital or SAR 2.5 ($0.67) per share for the fiscal year 2015.
The dividend eligibility will be for shareholders registered till the end of trading on the OGM date. Dividends will be deposited into shareholders' accounts as of April 27 through Banque Saudi Fransi, according to a bourse filing released on Wednesday.
The company earlier paid cash dividends at 20% of capital or SAR 2 ($0.53) per share for the fiscal year 2014.
Halwani Bros. is capitalised at SAR 285.7 million ($76.18 million) distributed on 28.57 million shares with a nominal value of SAR 10 ($2.67) each.
The company’s stock closed Tuesday’s trading with a fall of 1.63% to SAR 65.01 ($17.33).
