GASCO to pay 15% of capital as 2021 dividends

Reuters Images/Ahmed Yosri

The company generated net profits after Zakat and tax of $19.46mln in the first quarter of 2022,

Staff Writer, Mubasher

June 29, 2022

PHOTO

Riyadh – The shareholders of National Gas and Industrialization Company (GASCO) approved the board’s decision to pay 15% of the capital as cash dividends for both the first half (H1) and H2 of 2021

GASCO will disburse SAR 1.50 per share as a dividend at a total value of SAR 112.50 million for 2021, according to a bourse filing on Tuesday.

The company earlier announced a cash dividend distribution of SAR 0.75 per share for H2-21.

It is worth noting that the company generated net profits after Zakat and tax of SAR 73 million in the first quarter (Q1) of 2022, lower than SAR 85.20 million in Q1-21.

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