SVCP recommends 15% cash dividend for H1-17

25/09/2017 Argaam

Saudi Vitrified Clay Pipes Co.’s board of directors recommended a 15 percent cash dividend to be issued at the rate of SAR 1.50 per share for the first half of 2017.

 

At the meeting held on Sunday, shareholders elected board members for the upcoming three-year term starting on October 18, 2017.

 

The new board includes Prince Faisal Bin Abdul Aziz Al Saud, Saad Al Sayari, Abdulmohsen Al Essa, Abdullah Al Dabaan, Abdulrahman Al Hamid, Moayed Al Qurtas and Ali Al Khalaf.

 

 Cash Dividend Details (H1 2017)

Current Capital

SAR 150 mln

Number of shares

15 mln

Cash dividend

SAR 22.5 mln

Percent capital

15% (SAR 1.50/share)

Record date

September 28, 2017

Payment day

October 19, 2017

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