The Board of Directors of the Saudi Automotive and Equipment Services Company (SASCO) recommended, in its meeting yesterday, Tuesday, to distribute 50% cash dividends for the previous year, At 0.5 riyals per share.

The company said in a statement to the Saudi Stock Exchange, that the value of the dividends amounts to 30 million riyals (8 million dollars).

Sasco clarified that distributions are due to shareholders who are registered in the company’s records with the Securities Depository Center company at the end of the second trading day following the date of the general meeting, which will be announced later.

The company's profits were 18% in the last year, to reach 35.08 million riyals, compared to profits of 29.82 million riyals in 2017.

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