Al-Jouf Agriculture shareholders to vote on FY 2018 dividend on April 10

19/03/2019 Argaam

Shareholders of Al-Jouf Agricultural Development Co. on Apr. 10 will discuss the board's recommendation on paying a 10 percent cash dividend, to be issued at SAR 1.00 per share for fiscal year 2018, the company said in a statement to Tadawul on Tuesday.

 

Shareholders are also set to review the board and auditor’s reports, as well as financial statements for fiscal year 2018. They will also discuss a board remuneration of SAR 1.8 million for the fiscal year 2018.

 

Al Jouf will also hire an external auditor for the current fiscal year.

 

Dividend Details – FY 2018

Current Capital

SAR 300 mln

Number of shares

30 mln shares

Total dividend

SAR 30 mln

Percentage of Capital

10% (SAR 1.00 per share)

Record date

April 10, 2019

Payment date

To be determined later on

 

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