173.4000
Change
-0.4000
Change %
0.2301%
Open
173.8000
Close
174.0000
High
175.2000
Low
172.2000

SAFCO board recommends SAR1.5/share dividend distribution for H2

2018-12-17 07:37:25 GMT (Economies.com)
 

The board of directors of Saudi Arabian Fertilizers Co. (SAFC) has recommended the distribution of cash interim dividends at SAR 624.999 million, for the second half of the fiscal year 2018, according to the company’s bourse statement.

 

The dividend distribution will be effected for 416.666 million shares, at SAR 1.5 per share, or 15% of the stock’s par value.

 

Entitlement to the dividend payout will be for shareholders of record till the close of trading on the second trading day after the ordinary general assembly meeting.

 

The fertilizer producer earlier paid cash dividends for H1-18 at SAR 416.666 million, or SAR 1 per share (10% of stock par value).

 

The company posted SAR 522.24 million net profit for the third quarter of 2018, compared with SAR188.4 million net profit in the year-ago period.

 

Net profit for the first nine months of 2018 amounted to SAR 1.2 billion, up from SAR 816.1 million net profit in the corresponding period of 2017.

 
 
 
  Symbol Last Change Chg.%
1.1624
0.0013
0.1094%
1.3744
0.0005
0.0397%
Tadawul
11869.80
23.87
0.20%
24.384
1.071
4.592%
84.317
0.971
1.165%
86.07
0.54
0.63%
1799.720
29.980
1.694%
 
 
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