The General Assembly of the Saudi Automotive and Equipment Services Company (SASCO), at its meeting held on Monday, approved the recommendation of the Board of Directors regarding the dividends for the year 2019.

The company said in a statement to the Saudi market (Tadawul) today, Tuesday, that the company approved the recommendation of the Board of Directors to distribute 60 million riyals in cash dividends for the previous year, by one riyal per share .

The Association also agreed during the meeting to authorize the Board of Directors to distribute interim dividends to the company's shareholders for the current year.

The company's profits increased by 243.6% in the last year, to reach approximately 121.8 million riyals, compared to profits of about 35.45 million riyals in 2018.