27.8000
Change
0.6000
Change %
2.2059%
Open
27.2000
Close
27.1500
High
27.8000
Low
27.0000

Saudi Electricity plans SAR749.3 million dividend distribution

2019-03-13 12:17:04 GMT (Economies.com)
 

Saudi Electricity Company (SEC) on Wednesday announced that its board of directors recommended the distribution of cash dividend at SAR 749.3 million, or 70 halala per share, representing 70% of stock par value.

 

Entitlement to the dividend payout shall be for shareholders of record till the close of trading on the general assembly meeting date.

 

The company earlier distributed cash dividend for FY17 at SAR 547 million, or 70 halala per share, representing 7% of stock par value.  

 

SEC earlier posted a 74.2% decline in net profit for the fiscal year 2018, to SAR 1.8 billion, from SAR 6.9 billion in FY17.

 
 
 
  Symbol Last Change Chg.%
1.1606
0.0036
0.3139%
1.3751
0.0123
0.9053%
Tadawul
11773.36
25.09
0.21%
23.335
0.700
3.090%
82.022
0.902
1.112%
84.86
0.86
1.02%
1767.855
13.150
0.749%
 
 
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