Riyadh - Mubasher: The extraordinary general meeting (EGM) of Saudi Public Transport (SAPTCO) approved on Monday to distribute cash dividends for 2016 worth SAR 62.5 million at 50 halalas per share, representing 5% of the share’s nominal value.
Shareholders until the end of trading the OGM’s day are eligible for the dividends, which will be paid within two weeks of the approval date, according to the bank’s statement to the Saudi Stock Exchange (Tadawul) on Monday.
The OGM approved the auditor’s report for 2016, according to the same statement.
The company achieved net profits of SAR 5.87 million during the fourth quarter of 2016, against losses of SAR 35.5 million in the same quarter of 2015.
