Riyadh-Mubasher: Saudi Real Estate Co. said its board recommended cash dividends for the second half of 2015 at SAR 0.5 a share, totalling SAR 60 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.
The Tadawul-listed company operates with SAR 1.2 billion in capital, divided into 120 million shares at a par value of SAR 10 each.
FY15 earnings reached SAR 147.6 million, a fall of 46% compared with SAR 276 million a year earlier.
The stock closed Sunday 0.35% higher at SAR 17.
