ARDCO approves 8% dividend for H217

17/04/2018 Argaam

The general assembly of Arriyadh Development Co. (ARDCO) has approved an 8 percent cash dividend (SAR 0.80 per share) for the second half of 2017 amounting to SAR 106.7 million.

 

Shareholders also delegated the company’s board of directors to issue semi-annual or quarterly dividend for fiscal year of 2018 according to corporate rules and regulations.

 

Cash Dividend Details (H2-2017)

Current capital

SAR 1333.3 mln

Number of shares

133.3 mln

Cash dividend

SAR 106.67 mln

Percent capital

8% (SAR 0.80/share)

Record date

April 16, 2018

Payment day

May 1, 2018

Dividend for FY 2017

Total cash dividend

SAR 173.34 mln

Percent of capital

13% (SAR 1.30/share)

 

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