Oct 18 2010 |
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Savola distributes SR 125 million of dividends to its Shareholders for The 3rd quarter of 2010.
In continuation of its declared policy to distribute regular dividends to its shareholders, Dr. Abdulraouf Mannaa announced that the Savola Groups Board of Directors has approved the distribution of SR 125 Million (i.e. 0.25 per share) as dividends for the 3rd quarter of 2010, where the Savola has achieved net income of SR283M, to the shareholders registered in the company books by the end of the trading date on Monday 25th October, 2010 (as per records received from Tadawul) for indicated date. The company will start paying dividends to shareholders accounts after one week from the maturity date (due date) mentioned herein.Savola Group has previously distributed SR 375 Million in dividends for the first & 2nd quarters of 2010, equivalent to SR 0.75 per share, SR 0.5 of which was regular dividends and SR 0.25 was an exceptional dividend out of the capital gains realized from the Herfy IPO. This latest distribution will bring the total dividends paid to shareholders for the first half and the dividends to be paid for 3rd quarter of 2010 to SR 500 Million (i.e. SR 1 per share).
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