Riyadh – Mubasher: The Saudi Automotive Services Company (SASCO) on Tuesday announced that the company’s shareholders had approved distributing a cash dividend of SAR 0.50 per share for 2018 during an extraordinary general meeting (EGM) held the previous day.
Total value of dividends amounted to SAR 30 million, according to a statement to the Saudi Stock Exchange (Tadawul).
The eligibility of dividends shall be for the shareholders owning shares on 22 April and as per the registered shareholders in the register of the Securities Depository Center Company at the end of the second trading day following the eligibility date.
For the full-year 2018, SASCO’s profits rose 18% to SAR 35.08 million, compared to SAR 29.82 million in the prior year.
In May 2018, SASCO’s shareholders approved distributing a cash dividend of SAR 0.50 per share and raising the company’s capital by 11.11% through issuing bonus shares.
