Red Sea to withhold dividend for FY 2018

28/03/2019 Argaam

Red Sea International Co.’s board of directors has recommended to hold off on issuing a cash dividend for fiscal year 2018 due to realizing a net loss during the period, the company said in a statement.

 

The decision is pending approval by the company’s general assembly.

 

Red sea reported a net loss of SAR 90.7 million in FY 2018 from a loss of SAR 69.7 million in FY 2017, according to data compiled by Argaam.

Comments {{getCommentCount()}}

Be the first to comment

{{comment.FollowersCount}}
{{comment.CommenterComments}}

رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}

{{comment.DisplayName}} حساب موثّق

{{comment.ElapsedTime}}
{{comment.Replies.length}}
تعديل
loader Train
Report
loader Train
Sorry: the validity period has ended to comment on this news
Opinions expressed in the comments section do not reflect the views of Argaam. Abusive comments of any kind will be removed. Political or religious commentary will not be tolerated.