Riyadh-Mubasher: Saudi Arabia's Electrical Industries Co. (EIC) said its ordinary general meeting will be convened on 20 April, to discuss the dividends paid for the first three quarters of 2015 at 10% of capital, or SAR 1 a share, totalling SAR 45 million.
In February, the company said it will withhold dividends for the fourth quarter of 2015, to boost its financial position.
The fourth-quarter earnings dropped 72% year-on-year to SAR 16.2 million from SAR 59 million.
Shareholders will also review the board's report and the recommendation on paying bonus to board members.
The company operates with SAR 450 million in capital, divided into 45,000 shares at a par value of SAR 10 each.
