By Mohammed Abu Meleeh
Riyadh-Mubasher: Shareholders of 68 Saudi listed companies are awaiting the previously-announced cash dividends totalling SAR 28.76 billion.
Meanwhile, six companies announced their plans to freeze dividends; Fitaihi, Shaker, Petrochem, Electrical Industries, Saudi Industrial Investment and Ma’aden. The reasons behind dividend freeze included boosting financial position, profit decline or anticipation of a profit fall in the next period.
A total of 31 companies recommended cash dividends for 2015, while 24 firms proposed dividends for H2-15 and other 10 companies announced cash dividends for Q4-15.
Bahri earlier announced that it will pay cash dividends at SAR 1 a share and exceptional dividends at SAR 1.5 for 2015. The company posted a 240.46% surge in 2015 earnings to SAR 1.8 billion, compared with SAR 533.8 million a year earlier.
Saudi Vitrified Clay Pipes and Kingdom Holding announced cash dividends for the first quarter of 2016.
Translated by Abdul Maguid Aboshahla
