In a continuation of its declared policy to distribute quarterly dividends to its shareholders and based on the net profit reported during the 4th quarter, 2015, which amounted to SAR 515.3 Million, the Group Managing Director/CEO announced that the Savola Group Board of Directors, have recommended on 20th January 2016 to distribute SAR 266.99 million (i.e. SAR 0.50 per share) as cash dividends for the 4th quarter of 2015, which represents 5% of the company nominal share value.
The maturity date for 4th Quarter 2015 dividends will be for all shareholders registered in the company books by the end of the trading-day on the date of Shareholders General Assembly Meeting, which will be fixed after securing the approval from the relevant official authorities, and accordingly, the recommended dividends for Q4, 2015 will be presented to the General assembly for approval as well as the said General assembly will ratify the dividends distributed for the first three quarters of the year. The date of dividend distribution of 4th quarter will be announced later.
Therefore, dividends distributed to shareholders during the first three quarters and the proposed dividend for 4th quarter of 2015 will reach to SAR 1,067 million (i.e. SAR 2 per share), which represents 20% of the company's nominal share value.
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