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RIYADH: The board of directors of Saudi Catering Company has recommended a cash dividend of RS 1.5 per share for the third quarter of 2018, representing 15% of its nominal value.
The company said Wednesday in a statement "Tadawul" that the total distributions of 123 million riyals, divided into 82 million shares.
The dividend will be distributed on January 10, 2019.
Shareholders will be entitled to a dividend at the end of trading on Thursday, December 20, 2018 and are registered in the Company's Securities Depository Center (SDC) register at the end of the second trading day following the due date.
The distribution is made through the intermediary of the Saudi Arabian Bank (SABB) through the direct transfer of bank accounts linked to the shareholders' investment portfolios.
The Company's financial statements for the third quarter of the year show net earnings growth of 142.6 million SAR, or 9.3%, compared with 130.4 million RS in the third quarter of 2017.
The stock closed Tuesday trading up 0.6% to 83 riyals.
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