Riyadh – Mubasher: Tabuk Agricultural Development Company’s extraordinary general meeting (EGM) approved on Monday to distribute cash dividends at SAR 0.5 per share (5% of the capital) for the fiscal year 2015, totalling SAR 22.5 million.
According to a bourse filing, the dividend eligibility will be for shareholders registered till the end of trading on the EGM date, and the payment date will be announced later.
The company is capitalised at SAR 450 million distributed across 45 million shares with a nominal value of SAR 10.
The company’s shareholder also agreed to transfer SAR 13.14 million from the reserve account to the retained profits account.
The stock closed yesterday with a rise of 0.41% to SAR 12.26.
