Riyadh-Mubasher: Saudi Pharmaceutical Industries & Medical Appliances Corp. (SPIMACO) said its board proposed cash dividends for the fiscal year 2015 at 10% of capital, or SAR 1 a share, totalling SAR 120 million, according to the company’s filing to the Saudi bourse.
Shareholders of record on the date of the upcoming general meeting are eligible for the dividends.
The dates of meeting and payout will be announced later.
Net earnings for 2015 reached SAR 357 million, up 13% compared with SAR 317 million in 2014.
The company operates with SAR 1.2 billion in capital, divided into 120 million shares at a par value of SAR 10 each.
The stock closed Tuesday at SAR 26.33.
