Riyadh – Mubasher: Saudi Arabian Fertilisers Company's (SAFCO) board recommended on Tuesday the distribution of cash dividends for the second half of 2016.
The dividends represent 10% of the nominal value, totalling SAR 416.67 million, according to a bourse filing.
The dividend eligibility will be for shareholders registered till the end of trading on the general meeting, which is scheduled to be hold in March.
SAFCO's capital amounts to SAR 4.17 billion with 416.67 issued shares at a nominal value of SAR 10 per share.
The company earlier reported a net profit of SAR 284.5 million in the fourth quarter of 2016 compared to SAR 378.6 million in the same quarter the year before.
