Riyadh – Mubasher: The ordinary general meeting (OGM) of Lazurde Company for Jewelry approved on Monday the board’s recommendation to distribute 5% of capital, or 50 halala per share, as cash dividends for 2016
Total dividends amount to SAR 21.5 million.
Eligibility to receive dividends concerns shareholders until the end of the trading day of the OGM, while the distribution date will be specified later on, according to the company’s statement to the Saudi Stock Exchange (Tadawul) on Tuesday.
The shareholders approved the board and auditor’s report and financial statements for 2016.
Net profits stood at SAR 72 million during 2016, compared to SAR 100.6 million in 2015, showing a drop of 28.3%.
The stock ended Monday’s trading session at SAR 25.35, dropping 0.59%.
