Jarir Marketing Company intends to distribute cash dividends to shareholders for the second quarter of the fiscal year 2021, amounting to 168 million riyals on the number of shares entitled to dividends of 120 million shares.
According to Arabia Net, the share of the distribution amounted to 1.40 riyals, with a distribution ratio to the nominal value of the share at 14%.
The company said in its statement on the Saudi market website, Tadawul, that the eligibility date will be 08/16/2021, and the distribution date is on 08/25/2021, provided that The eligibility for profits is for the company’s shareholders who own shares on the due date Monday 16/08/2021, and are registered with the Securities Depository Center Company at the end of the second trading day following the due date.
Jarir's profits fell by 9% in the second quarter, recording 189 million riyals, compared to 208 million riyals in the corresponding period of last year.
It also recorded a slight decline in profits on a semi-annual basis, after recording a net profit of 457 million riyals, compared to 460 million riyals a year ago.
