Bahri board proposes dividends for H1

The dividends represent 10% of the share’s par value

  
A Saudi trader wears a mask as he monitors stock information at the Saudi stock market in Riyadh, Saudi Arabia August 25, 2020.

A Saudi trader wears a mask as he monitors stock information at the Saudi stock market in Riyadh, Saudi Arabia August 25, 2020.

REUTERS/Ahmed Yosri
Riyadh – Mubasher: The board of the National Shipping Company of Saudi Arabia (Bahri) recommended distributing SAR 393.750 million as cash dividends to shareholders for the first half (H1) of 2020.

The proposed amount is equivalent to SAR 1 per share or 10% of the share’s par value, according to a recent statement to the Saudi bourse.

Eligibility of dividends will be to the shareholders at the end of the maturity date scheduled on 5 October 2020, as per the registered shareholders in the register of the Securities Depository Center Company (Edaa) at the end of the second trading day following the due date.

The distribution date is 22 October 2020.

Source: Mubasher

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