Arab Sea Information Systems Co.’s board of directors has recommended a 5 percent cash dividend for the fiscal year 2017, at SAR 0.5 per share, amounting to SAR 5 million.

 

The dividend if the first to be issued by Arab Sea since its listing on the Nomu parallel market in February last year.

 

Cash Dividend Details (FY 2017)

Current Capital

SAR 100 mln

Number of shares

10 mln

Cash dividend

SAR 5 mln

Percent capital

5% (SAR 0.5 per share)

Record date

Second trading day following the general assembly meeting in H1 2018

Payment date

To be determined

 

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