Riyadh – Mubasher: Middle East Paper Co. (MEPCO) said its board has recommended a cash dividend to shareholders amounting to SAR 0.5 per share, representing 5% of capital and totalling SAR 25 million.
Shareholders registered in the company’s books by the end of the ordinary general meeting (OGM) will entitled to the dividends, MEPCO said in a filing to the Saudi Stock Exchange (Tadawul) on Sunday.
MEPCO posted a net profit of SAR 55.12 million in 2015, a 50.5% drop from SAR 111.34 million in the same period the year before.
The stock ended Sunday’s session in the green, adding 0.86% to SAR 19.90.
