The Cooperative Insurance Company plans to be based on the recommendation of the Board of Directors to distribute cash dividends on the shareholders of the company for the financial year 2020, with a total of 125 million shares.
According to Arab Net, the Cooperative said in a statement that the share share of distribution was 0.8 riyals, distributing to the value of nominal stock 8%.
The entrepreneurial of the shareholders of the company's owners' shareholders at the end of the company's General Assembly and Credit for the company's registers of the Securities Depository Center is deposited by the end of the second day following the date of the assembly and will be announced date and date of distribution later.
The net profit for Cooperative Insurance Cooperative has risen by Zakat by 27.9% during 2020, to 514.16 million riyals, compared to SR 402.17 million in 2019.
According to Arab accounts, the net cooperative profit before Zakat in the fourth quarter of 2020, fell 40% to SAR 105.5 million, compared to SR 176.6 million in the fourth quarter of 2019.
