Riyadh – Mubasher: L’azurde Company for Jewelry will hold its ordinary general meeting (OGM) on 10 April to discuss dividend distribution for 2016.
The company would distribute dividends representing 5% of its capital at SAR 0.50 per share, totalling SAR 21.5 million, according to a bourse filing on Tuesday.
Shareholders of record at the end of the meeting's date will be entitled to receive dividends.
The OGM will also consider the board and auditor's reports for 2016.
Net profits amounted to SAR 72 million in 2016, down 28.3% from SAR 100.6 million in 2015.
