Riyadh – Mubasher: The shareholders of Savola Group have agreed to distribute a cash dividend of SAR 0.20 per share, representing 2% of the share’s nominal value, for 2021.
The Saudi company will pay out a total of SAR 106.80 million on 6 June this year, according to a bourse filing.
The shareholders granted their approval for the cash dividends during the ordinary general meeting (OGM) that was held on Monday, 16 May.
In 2021, the Saudi entity posted a 75.64% year-on-year (YoY) plummet in net profit to SAR 221.9 million from SAR 910.8 million.
During the first quarter (Q1) of 2022, Savola Group achieved net profits after Zakat and tax worth SAR 270.90 million, an annual hike of 76.13% from SAR 153.80 million.
