Almarai Co.’s extraordinary general assembly (EGA) has approved a 7.5 percent cash dividend for fiscal year 2017 (SAR 0.75 per share) amounting to SAR 750 million.
Shareholders also approved the purchase of up to 10 million shares to allocate them to the Employee Stock Participation Program (ESOP). During the EGA, the board was delegated to complete the purchase in one or several steps within a period of 12 months from the assembly’s date.
The company’s board will also be responsible for determining the term and conditions for this program, including the stock’s price.
|
Cash Dividend Details (2017) |
|
|
Current Capital |
SAR 10 bln |
|
Number of shares |
1 bln |
|
Cash dividend |
SAR 750 mln |
|
Percent capital |
7.5% (SAR 0.75 per share) |
|
Record date |
April 9, 2018 |
|
Payment date |
April 17, 2018 |
Comments {{getCommentCount()}}
Be the first to comment
رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}
{{comment.DisplayName}}
{{comment.ElapsedTime}}