The Saudi National Shipping Company (SPA) approved its meeting held yesterday, approving the recommendation of the Board of Directors to distribute cash dividends on the company's shareholders by 10%, by one riyal The share, about the second half of 2020.
"The company said in a statement to the Saudi market (Tadawul) on Tuesday that the total proposed cash dividend of the second half of 2020 amounted to SR 393.750 million.
> The Board of Directors agreed to the dividend policy for the years 2020 and 2021 and 2022, which stipulates the distribution of one riyals per share for every half-year, for the next three years Starting from 2020.
> The company said the dividend policy would be changed based on any fundamental changes in the company's strategy or acute fluctuations in global transport or any funding commitments that could arise on The company is in the future.
is also confirmed to spare 10% of net profits to the formal reserve due to 30% of the capital, and agreed to delegate the Board of Directors to distribute phased profits Half a year or quarter of the financial year 2021.
