The Board of Directors of Dur Hospitality Co. has recommended on Tuesday 07 February 2017 the distribution of dividend to the shareholders for the period of second half 2016 as follows:
1. Total amount of distribution of dividend SAR (45,000,000)
2. Divided per share SAR (0.45)
3. Divided represent (4.5%) of the share Face value.
4. The number of shares outstanding for earnings is (100,000,000) shares.
5. The eligibility of dividend shall be for the shareholders registered in the registers of the Securities Depository Co. (SDC) by the end of the day on which the Shareholders General Assembly will be held and would be announced later.
6. Dividend distribution date will be announced later.
Noting that an amount of SAR (45) million worth of dividend has been distributed previously for the period of first half 2016, which represent (4.5%) of the share Face value. Collectively, the total amount of dividend recommended to be distributed for the year 2016 is SAR (90) million, representing (9%) of the share Face value, and an amount of SAR (0.90) per share.
