SVCP plans 10% dividend for H2 2019

22/12/2019 Argaam

 

Saudi Vitrified Clay Pipes Co.’s (SVCP) board of directors recommended a 10% cash dividend for the second half of 2019, at SAR 1 per share, amounting to SAR 15 million.

 

The dividend is the first distribution since FY 2017, according to data compiled by Argaam.

 

Dividend Details (FY 2019)

Current Capital

SAR 150 mln

Number of shares

15 mln

Dividend

SAR 15 mln

Percentage of capital

10% (SAR 1 per share)

Record date

Dec. 31, 2019

Payment date

Jan. 8, 2020

 

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