The general assembly of National Gas and Industrialization Company (GASCO) approved distributing cash dividends worth SAR 1.6 per share. representing 16% of the share’s nominal value, for the full-year 2018.
The company will pay SAR 120 million in dividends for the year ended December 2018, according to a filing to the Saudi Stock Exchange (Tadawul) on Thursday.
Additionally, GASCO recommended distributing cash dividends to the shareholders worth SAR 31.87 million for each quarter of fiscal year 2019.
The company recommended paying a dividend of SAR 0.425 per share for each quarter of FY19, representing 4.25% of the share’s nominal value.
The Saudi company will also distribute quarterly extraordinary dividends worth SAR 16.87 million for this year or SAR 0.225 a share, making up 2.25% of the share’s nominal value.