Riyadh – Mubasher: Saudi Company for Hardware (SACO) said Monday that cash dividends for the first quarter of fiscal 2016 will be distributed as of 19 May to shareholders registered till the end of trading on 5 May through the Saudi British Bank (SABB).
Cash dividends amounts to SAR 36 million ($9.60 million), representing 15% of the capital or SAR 1.5 ($0.40) per share.
The company is capitalised at SAR 24 million ($64 million) distributed across 24 million shares with a nominal value of SAR 10 ($2.67).
The company earlier posted a net profit of SAR 28.1 million ($7.49 million) in the first quarter of 2016, compared to SAR 33.83 million ($9.02 million) in Q1-15.
The stock closed yesterday’s session with a fall of 0.03% to SAR 86.56 ($23.08).
