Riyadh – Mubasher: Saudi Arabia-based Jarir Marketing Co announced that the company’s board of directors had nodded to distribute a cash dividend of SAR 1.9 per share with a total value of SAR 228 million for the first quarter of 2019.
Dividends will be distributed starting from 29 May, according to a statement to the Saudi Stock Exchange (Tadawul) on Wednesday.
The eligibility of dividends shall be for the shareholders owning shares on 20 May and as per the registered shareholders in the register of the Securities Depository Center Company at the end of the second trading day following the eligibility date.
Jarir’s profits rose by 6.66% year-on-year, logging SAR 233.7 million in Q1-19, compared to SAR 219.1 million in the year-ago period.
In March, the company’s board of directors decided to distribute a cash dividend of SAR 2.35 a share for Q4-18.
