Riyadh – Mubasher: The Company for Cooperative Insurance (NCCI) (Tawuniya) was cleared by shareholders on Monday to pay cash dividend for the fiscal year 2015 at SAR 1 per share, or 10% of capital, totalling SAR 100 million, the company said in a bourse filing Tuesday.
Shareholders of record till the close of trading on the ordinary general meeting date are entitled to receive the cash dividend that will be distributed as of 24 March.
Shareholders also ratified financial statements and the board’s report for 2015.
The insurer earlier reported SAR 642.30 million net profit for 2015, a rise of 6.65% year-on-year from SAR 602.27 million.
