Riyadh – Mubasher: The ordinary general meeting (OGM) of Saudi Pharmaceutical Industries and Medical Appliances Corporation (Spimaco) approved yesterday cash dividends at 10% of the capital or SAR 1 ($0.27) per share for the fiscal year 2015.
The dividend eligibility will be for shareholders registered by the end of trading on the date of EGM. The date of dividend distribution of 4th quarter will be announced later.
Spimaco’s is capitalised at SAR 1.2 billion ($319.95 million) distributed across 120 million shares with a nominal value of SAR 10 ($2.67).
The OGM earlier agreed to distribute cash dividends at 15% of the capital or SAR 1.5 ($0.40) for the fiscal year 2014.
The company’s net earnings for 2015 reached SAR 357 million ($95.19 million), up 13% compared with SAR 317 million ($84.52 million) in 2014.
Spimaco stock closed yesterday with a fall of 1.09% to SAR 31.86 ($8.49).
