In continuation of its declared policy to distribute quarterly dividends to its shareholders, the Group Managing Director and CEO informed that the Savola Group Board of Directors, have recommended on 18th January 2015 to distribute SAR 266.99 million (i.e. SAR 0.50 per share) as cash dividends for the 4th quarter of 2014, which represents 5% of the company nominal share value.
The maturity date for 4th Quarter 2014 dividends will be for all shareholders registered in the company books by the end of the trading-day on the date of Annual Shareholders Ordinary Assembly Meeting (AGM) which will be fixed after securing the approval from the relevant official authorities, and accordingly, the said AGM will ratify the dividends distribution. The date of 4th quarter dividend distribution will be announced later.
Therefore, dividends distributed to shareholders during the first three quarters and proposed dividend for 4th quarter of 2014 will reach to SAR 1,201 million (i.e. SAR 2.25 per share), which represents 22.5% of the company's nominal share value.
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