Riyadh– Mubasher: The board of Saudi Airlines Catering recommended distributing cash dividends for the fourth quarter of 2015.
Like Q4-14 dividends, the board put forward paying out 17.5% of the stock’s par value, or SAR 1.75 per share, totaling SAR 143.5 million.
Shareholders of record on 15 March are eligible for this distribution.
Q4-15 net earnings rose by 10% year-over-year to SAR 191 million from SAR 173 million.
Moreover, its net profits for 2015 increased 6.8% to SAR 699 million, compared with SAR 654 million in 2014.
The company operates with paid-in capital of SAR 820 million, distributed across 82 million shares at SAR 10 par value each.
