SPIMACO approves 10% dividend for FY17

22/04/2018 Argaam

Saudi Pharmaceutical Industries and Medical Appliances Co.’s (SPIMACO) general assembly has approved a 10 percent cash dividend for the fiscal year 2017, at SAR 1 per share, amounting to SAR 120 million.

 

Shareholders also authorized the board of directors to distribute cash dividend on a semi-annually or quarterly basis, in accordance with corporate rules and regulations.

 

Cash Dividend Details (FY 2017)

Current Capital

SAR 1.2 bln

Number of shares

120 mln

Cash dividend

SAR 120 mln

Percent capital

10% (SAR 1 per share)

Record date

April 19, 2018

Payment date

To be determined

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