Riyadh – Mubasher: The board of Saudi Electricity Co recommended a distribution of 7% cash dividends for 2016 to the shareholders.
SEC will pay SAR 0.70 per share, with a total of SAR 547 million, according to a bourse statement.
Registered shareholders by the end of trades on the date of the general assembly's meeting will be eligible of the dividends. The meeting's date will be announced later.
The company's losses increased 62.15% year-on-year to SAR 2.34 billion in Q4-16 from SAR 1.45 billion in Q4-15.
