Riyadh – Mubasher: Saudi Pharmaceutical Industries and Medical Appliances Corporation (Spimaco) announced Monday that it will start paying cash dividends at SAR 1 ($0.27) for fiscal 2015 as of 28 April via Al-Rajhi Bank.
The dividend eligibility will be for shareholders registered till the end of trading on the OGM date, according to a bourse filing.
The company’s ordinary general meeting (OGM) earlier approved cash dividends at 10% of the capital or SAR 1 (0.27) per share for the fiscal year 2015.
Spimaco is capitalised at SAR 1.2 billion ($320012 million) distributed across 120 million shares with a nominal value of SAR 10 ($2.67).
The company’s profit rose last year by 12.7% to SAR 357 million ($95.2 million) from SAR 317 million ($84.54 million) in 2014.
The stock closed yesterday’s session with a fall of 0.64$ to SAR 32.58 ($8.69).
