Riyadh – Mubasher: The board of Jarir Marketing Co. recommended distributing SAR175.5 million or 19.5% of capital as Q4-15 cash dividends at SAR1.95 per share.
Shareholders of record till the close of trading on 16 February will be eligible for the cash dividends, which would be distributed on 25 February,2016.
The company will maintain its dividend payout for Q4-15 at the previous levels, Chairman Mohammed Al-Agil told Mubasher earlier.
Cash dividends ranged, throughout the last four quarters, between 14.6% and 22.5% of the stock’s par value standing at SAR10.
Earlier, the company posted net profit rise of 11% year-over-year in FY15 from SAR745 million to SAR828.5 million
