Riyadh – Mubasher: Saudi Ceramics is set to hold its second ordinary general meeting (OGM) on 27 April to vote on a number of items including the distribution of dividends.
The dividend distribution represents 20% of paid capital and amounts to SAR 2 per share for the fiscal year 2015 for shareholders registered as at the end of the scheduled OGM, the ceramics firm said in a bourse filing on Monday.
The OGM was set to convene on 12 April to discuss the dividends but the meeting was not held due to an incomplete quorum.
The company reported a net profit of SAR 283.8 for FY15, down 8.5% from SAR 310.22 million in FY14.
