Riyadh – Mubasher: The ordinary general meeting of Middle East Paper (MEPCO) approved distributing cash dividends at SAR 0.5 per share, or 5% of capital, for the fiscal year 2015.
Thus, a total of SAR 25 million was paid out by the company that operates with SAR 500 million, divided into 50 million shares at SAR 10 each, according to a bourse filing.
Shareholders of record until 26 June would be entitled to FY15 dividends whose distribution date will be announced later.
During 2015, MEPCO earnings declined 50.5% year-over-year to SAR 55.12 million from SAR 111.34 million.
The stock quote stood 1.9% lower to SAR 19.05 in Sunday’s trading session.
