Riyadh – Mubasher: Bawan Holding’s shareholders on Sunday approved the authorisation of the company’s board of directors to distribute quarterly dividends to shareholders for the fiscal year 2016.
The board will also be responsible for setting the dates for those entitled to the dividends and the date of distribution in accordance with the company’s financial position, cash flows and investment and expansion plans, according to a bourse filing on Monday.
Shareholders approved quarterly profits for 2015 at SAR 1.25 per share, representing 12.5% and totalling SAR 65 million.
