153.0000
Change
1.2000
Change %
0.7905%
Open
151.8000
Close
153.0000
High
154.0000
Low
151.6000

SAFCO shareholders to discuss SAR1.5/share dividend April 7

2019-03-12 12:56:20 GMT (Economies.com)
 

Saudi Arabian Fertilizer Co. (SAFCO) will hold an ordinary general assembly meeting on April 7, to look into the proposed dividend payout at SAR 624.999 million, or 1.5 per share, representing 15% of stock par value, for the second half of 2018, according to a bourse statement.

 

Eligibility for the dividend payout will be for shareholders of record till the close of trading on the second day following the general assembly date.

 

The company earlier paid cash dividend for the first half of 2018 at SAR 416.666 million, or SAR 1 per share, representing 10% of stock par value.

 

SAFCO had reported a surge by 809.5% in  net profit for the fourth quarter of 2018 to SAR 568.5 million, compared with SAR 62.5 million in prior-year period.

 

Q4 operating profit amounted to SAR 574.1 million, compared with SAR 50.8 million 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.%
1.1736
0.0022
0.1835%
1.3721
0.0045
0.3294%
Tadawul
11270.57
-40.58
0.36%
22.703
0.403
1.805%
73.520
2.587
3.647%
77.47
0.22
0.28%
1755.225
-1.580
0.090%
 
 
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