The net profit of the National Shipping Company of Saudi Arabia (Maritime) decreased by 68.87% in the fourth quarter of 2020, bringing zakat and tax to 77.54 million riyals, compared to about 249.08 million riyals in the same quarter of 2019.
According to Arabiya Net, net profit fell on a quarterly basis by 75.7% in the fourth quarter of 2020, compared to 313.74 million riyals in the third quarter of 2020. / p>
At the same time, Bahri's net profit increased by 153.12% in the year 2020, reaching 1.571 billion riyals, compared to 620.7 million riyals in 2019. < / p>
Al-Bahri said in a statement to the Saudi Stock Exchange Tadawul today, Thursday, that the main reason behind the decline in net profit during the current quarter compared to the same quarter of the previous year was the decrease Revenues from several sectors, mainly from the oil sector, due to lower transport rates in addition to lower transport operations.
In a related context, the Bahri Company announced today, Thursday, the recommendation of its Board of Directors to distribute cash dividends to shareholders for the second half of the year 2020, totaling 393.75 million riyals Distributed to 393.75 million shares, by one riyal per share, with a distribution ratio to the nominal share value of 10%.
and the entitlement to cash distributions to shareholders who own shares will be on the day of entitlement registered in the company's shareholders register at the Depository Center at the end of the second trading day following the day of the company's general assembly, which will be announced. About it later.
