08 February 2012
The CEO of Jarir Marketing Company, Mr. Abdulkarim Al Agil, announced that the Board of Directors, on their meeting held on Feb. 07, 2012 , approved distributing of cash dividends amounted to SR 96 million (SR 1.6 per share) to the Share Holders representing profit distribution for the fourth quarter of year 2011.
Al Agil added that the dividends will be distributed to Share Holders registered in Jarirs book by the end of trading date of Monday 20th of February 2012 (Record Date) and dividends payment process will be starting from Wednesday 29th of February 2012 (Payment Date).
Al Agil assured that the company is continuing its policy to distribute cash dividends to its shareholders supported by the strong cash position and continuing growth in seasonal profits.
Its worth to mention that the company distributed cash dividends for Q1 & Q2 & Q3 of 2011 amounted to SR 1.8, SR 1.33 and SR 2.27 per share respectively, bringing the total cash dividends for the fiscal year ended Dec. 31, 2011 to SR 7 per share (equivalent to 70 % of the companys capital), an increase of 34 % compared to the same period last year. The Earning per Share (EPS) has been modified for previous quarters after capital increment from 40 to 60 million shares, which has been approved by the 5th Extraordinary General Assembly Meeting held on Dec. 25, 2011.
The CEO of Jarir Marketing Company, Mr. Abdulkarim Al Agil, announced that the Board of Directors, on their meeting held on Feb. 07, 2012 , approved distributing of cash dividends amounted to SR 96 million (SR 1.6 per share) to the Share Holders representing profit distribution for the fourth quarter of year 2011.
Al Agil added that the dividends will be distributed to Share Holders registered in Jarirs book by the end of trading date of Monday 20th of February 2012 (Record Date) and dividends payment process will be starting from Wednesday 29th of February 2012 (Payment Date).
Al Agil assured that the company is continuing its policy to distribute cash dividends to its shareholders supported by the strong cash position and continuing growth in seasonal profits.
Its worth to mention that the company distributed cash dividends for Q1 & Q2 & Q3 of 2011 amounted to SR 1.8, SR 1.33 and SR 2.27 per share respectively, bringing the total cash dividends for the fiscal year ended Dec. 31, 2011 to SR 7 per share (equivalent to 70 % of the companys capital), an increase of 34 % compared to the same period last year. The Earning per Share (EPS) has been modified for previous quarters after capital increment from 40 to 60 million shares, which has been approved by the 5th Extraordinary General Assembly Meeting held on Dec. 25, 2011.
© Tadawul 2012
