In a continuation of its declared policy to distribute quarterly dividends to its shareholders and based on the net profit reported during the 2nd quarter, 2016, which amounted to SAR 246.7 Million, Eng. Rayan M. Fayez, the Group CEO announced that the Savola Group Board of Directors, has approved on Wednesday 27th of July 2016 to distribute SAR 133.50 Million, (i.e. SAR 0.25 per share) as dividends for the 2nd quarter of 2016, which represents 2.5% of the company's nominal share value. Therefore, the dividends distributed to shareholders during the 1st, and the proposed dividend to be distributed for the 2nd quarters of the fiscal year of 2016 will reach SAR 267 million (i.e. SAR 0.50 per share), which represents 5% of the company's nominal share value.
The maturity date for the 2nd quarter of 2016 dividends will be for all shareholders registered in the company books at the end of the trading day on Sunday, 31st July 2016. The dividend payments will be processed as of 15th August, 2016.
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