QACO recommends 2.5% dividend for Q1 2017

22/05/2017 Argaam

The board of directors of Qassim Investment Holding Co. has recommended a 2.5 percent cash dividend (SAR 0.25 per share) for the first quarter of 2017.

 

In February, the company had reduced its capital by 40 percent to SAR 300 million from SAR 500 million to offset accumulated losses, according to data compiled by Argaam.

 

 Cash Dividend Details (Q1-2017)

Current capital

SAR 300 mln

Eligible shares

30 mln

Cash dividend

SAR 7.5 mln

Percent capital

2.5% (SAR 0.25/share)

Record date

June 12, 2017

Payment day

July 4, 2017

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