Saudi SARCO's shareholders nod to 10% dividends for 2019

The total amount of cash dividends is at $4mln

  

Riyadh – The shareholders of Saudi Arabia Refineries Company (SARCO) have approved to distribute cash dividends of SAR 1 per share for fiscal year (FY) 2019.

The distribution of cash dividends stands at 10% of the share's nominal value, aggregating at an amount of SAR 15 million, the company disclosed to the Saudi Stock Exchange (Tadawul) on Wednesday.

During the ordinary general meeting (OGM), shareholders also agreed on paying SAR 34,022 in remuneration to the board members for FY19.

Source: Mubasher

All Rights Reserved - Mubasher Info © 2005 - 2020 Provided by SyndiGate Media Inc. (Syndigate.info).

Disclaimer: The content of this article is syndicated or provided to this website from an external third party provider. We are not responsible for, and do not control, such external websites, entities, applications or media publishers. The body of the text is provided on an “as is” and “as available” basis and has not been edited in any way. Neither we nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this article. Read our full disclaimer policy here.

More From Equities