Riyadh – Mubasher: The ordinary general meeting (OGM) for The Savola Group approved in its meeting on Tuesday the distribution of dividends to shareholders for the fourth quarter of 2015.
The dividends amounting to SAR 0.5 per share represent 5% of capital and total SAR 266.99 million, the company said in a bourse filing, adding that shareholders registered as at the end of the OGM will be entitled to the dividends, which will be distributed 15 days from the meeting.
The OGM also approved dividends for the first three quarters of 2015 at SAR 1.5 per share, totalling SAR 800.97 million.
Following Tuesday’s approval, total dividends for FY15 will reach SAR 2 per share, totalling SAR 1.07 billion and representing 20% of capital.
