Riyadh – Mubasher: Saudi Pharmaceutical Industries and Medical Appliances Corp (SPIMACO) will start the distribution of cash dividends for 2016 on 11 May.
The company will pay out dividends at SAR 1 per share or 10% of capital, totalling SAR 120 million, according to a bourse filing.
The distribution will be through Al Rajhi Bank for eligible shareholders registered with the Securities Depository Center (Depository Center) at the end of trades on the general assembly day on 16 April.
During FY16, SPIMACO achieved a growth of 5.5% in profits to SAR 376.7 million from SAR 357.1 million in FY15.
