MEPCO board to withhold dividend for FY2019

18/03/2020 Argaam

 

Middle East Paper Co.’s (MEPCO) board of directors recommended withholding cash dividend for fiscal year 2019, the company said in a bourse statement.

 

The step aims to support future growth of the company’s activities and maintain solvency margin.

 

The decision is pending approval of the general assembly.

 

MEPCO has previously paid cash dividend for FY2015 at SAR 0.5 per share. It also paid dividend for FY 2016 and FY2017 at SAR 0.75 per share.

 

In addition, the company distributed dividend for FY2018 at SAR 1 per share, according to data compiled by Argaam.

Comments {{getCommentCount()}}

Be the first to comment

loader Train
Sorry: the validity period has ended to comment on this news
Opinions expressed in the comments section do not reflect the views of Argaam. Abusive comments of any kind will be removed. Political or religious commentary will not be tolerated.