Riyadh – Mubasher: The board of Saudi Vitrified Clay Pipes recommended distributing cash dividends for the first quarter of 2016 at 15% of the stock’s par value or SAR1.5 a share, totaling SAR 22.5 million
Shareholders of the record till the closing of trading on 31 March are entitled to receive the dividends that will be paid out on 21 April.
The company is capitalised at SAR150 million, distributed across 15 million shares at SAR10 par value each.
The company’s preliminary financial statements for the fiscal year 2015 disclosed that net profit edged up 3% year-over-year to SAR103 million from SAR101 million
