Middle East Paper Co. (MEPCO) starts today, June 23, paying 10% cash dividend (SAR 1 per share) to shareholders for 2021, the company said in a bourse filing.

 

According to data compiled by Argaam, the company’s shareholders approved the board of directors’ recommendation for the payout of a 10% cash dividend, or SAR 1 per share, for 2021, during the ordinary general meeting (OGM) held on June 13.

 

Dividend Details

Current Capital

SAR 500 mln

Number of Shares

50 mln

Total Dividend

SAR 50 mln

Percentage of Capital

10% (SAR 1 per share)

Record Date

June 13, 2022 (Shareholders registered with Securities Depository Co. (Edaa) by the close of the second trading day after the OGM date)

Payment Date

June 23, 2022
 

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MEPCO shareholders approve 10% cash dividend for 2021

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