The General Assembly of the Saudi Electricity Company, at its meeting held on Tuesday, approved the recommendation of the Board of Directors to distribute cash dividends for the year 2019 at 7% of the capital.

The company said in a statement to the Saudi market (Tadawul) today, Wednesday, that the profits are 70 halala per share and a total amount of 749.3 million riyals.

She explained that the eligibility of dividends to shareholders who own shares on the day of the General Assembly and who are registered in the company’s shareholders ’register at the Deposit Center at the end of the second trading day following the due date.

The profits will be disbursed from Tuesday 16th June 2020 through the National Commercial Bank and all its branches inside the Kingdom of Saudi Arabia.

The company’s general assembly also agreed to exchange an amount of 848 thousand riyals in remuneration for members of the board of directors for the fiscal year ending on December 31, 2019.