the General Assembly of Aldrees Petroleum and Transport Services approved at its meeting held on Tuesday, the recommendation of the Board of Directors regarding the annual distributions for the year 2019.

The company said in a statement to the Saudi market (Tadawul) today, Wednesday, that the company decided to distribute 90 million riyals of cash dividends for the past year, by 1.5 riyals per share, at a rate of 15% Of the capital.

She explained that the profits are due to the shareholders who own the company’s shares on the day of the meeting in the shareholders ’register at the Deposit Center at the end of the second trading day following the due date, provided that the profits will be distributed on Tuesday Next May 12.

The General Assembly also agreed to pay the directors ’remuneration for the past fiscal year, amounting to 3.5 million riyals, and disbursed an amount of 300,000 riyals to the members of the audit committee for that year.

The company’s profits increased 336% in the last year, to reach 291.7 million riyals, compared to profits of 66.9 million riyals in 2019.