Riyadh – Mubasher: Saudi Pharmaceutical Industries and Medical Appliances Corporation’s (Spimaco) board recommended paying 10% of nominal value as cash dividends for fiscal year 2016.
The company will distribute SAR 120 million in cash dividends at SAR 1 for 2016, according to a bourse filing on Sunday.
The dividend eligibility will be for shareholders registered until the end of trading on the general assembly meeting’s date, which will be held after obtaining the necessary approvals.
Spimaco’s capital amounts to SAR 1.2 billion distributed over 120 million shares with a nominal value of SAR 10.
