Buruj plans 5% cash dividend for FY16

06/04/2017 Argaam

Buruj Cooperative Insurance Co.’s board of directors on Thursday recommended a 5 percent cash dividend to be issued at the rate of SAR 0.5 per share for fiscal year 2016 – its first payout since listing.

 

Cash Dividend Details (2016)

Current capital

SAR 250 mln

Number of shares

25 mln

Cash dividend

SAR 12.50 mln

Percent capital

5% (SAR 0.5/share)

Record date

General assembly meeting – to be announced later

Payment day

To be announced later

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