Riyadh – Mubasher: Jarir Marketing Co. on Sunday announced that it would distribute dividends at SAR 2.35 per share for the third quarter of 2018, representing 23.5% of the company's capital.
The Saudi retailer's total distribution amounts to SAR 282 million, it said in a filing to the Saudi Stock Exchange (Tadawul).
Earlier on Sunday, Jarir reported SAR 288 million ($76.78 million) in net profit after zakat and tax in Q3-18, a rise of 16.84% year-on-year from SAR 246.5 million ($65.72 million).
Jarir will distribute the dividends on Wednesday, 21 November.
"The eligibility of dividends shall be for the shareholders [who own] shares on maturity Monday, 12 November 2018, and [are] registered with the Securities Depository Center Company (Depository Center) at the end of the second trading day following the date of maturity," Jarir said in its statement.
By 10:34 am Saudi time, Jarir's stock added 0.67% to reach SAR 149.20.
