Riyadh – Mubasher: The board members of National Gas and Industrialization Co (GASCO) approved distributing 3.5% of capital as cash dividends for the second quarter of fiscal year 2017.
GASCO will pay SAR 0.35 per share to the entitled shareholders, with a total value of SAR 26.25 million, according to a bourse statement issued on Wednesday.
The company will start distributing the dividends on 10 August to the shareholders registered on 30 July.
GASCO’s net profits grew by 64.2% to SAR 37.8 million in Q2-17 from SAR 23.02 million in Q2-16, according to a bourse statement issued on Tuesday.
