Riyadh – Mubasher: Saudi Real Estate will hold its ordinary general meeting (OGM) on 10 April for voting on a number of items, including cash dividends for the second half of 2015.
Like the first half of 2015, the board of directors recommended distributing cash dividends at 5% of capital, or SAR 0.5 a share, totaling SAR 60 million for H2-15.
The company operates with a paid-in capital of SAR 1.2 billion, distributed over 120 million shares at SAR 10 per share.
The company’s net profits for 2015 fell 46% year-over-year to SAR 147.6 million from SAR 276 million.
On 14 March, the stock’s close quote slipped 1.72% to SAR 18.28.
