Riyadh – Mubasher: Saudi Electricity Co’s shareholders on Monday approved a cash dividend distribution of SAR 0.70 per share for 2015, representing 7% of capital.
Total dividends to be distributed will amount to SAR 547 million, the company added in a filing to the Saudi Stock Exchange (Tadawul) on Tuesday.
The ordinary general meeting (OGM) also approved financials for 2015 and the auditor’s report, as well as the payment of SAR 932,000 as a bonus to the company’s board members.
The stock ended Monday at a decline of 0.7% to SAR 16.98.
