Riyadh – Mubasher: The ordinary general meeting (OGM) of Baazeem Trading Company has approved the board of directors’ recommendation to distribute cash dividends to shareholders for 2019.
The board previously recommended paying out SAR 1.6 per share, or 16% of the share’s par value, as dividends for last year with a total value of SAR 16.2 million.
Furthermore, eligibility will be to shareholders who own shares on the date of the general assembly meeting and are registered in the company’s shareholders register with the Securities Depository Center (Edaa) at the end of the second trading day following the due date.
The distribution will be announced later, according to the company’s statement to the Saudi Stock Exchange (Tadawul).
