JARIR announces distributing Cash Dividends of SR 138 mln for Q3-2012

17/10/2012 15:35 AST

The CEO of Jarir Marketing Company, Mr. Abdulkarim Al Agil, announced that the Board of Directors, approved distributing of cash dividends amounted to SR 138 million (SR 2.3 per share) (equivalent to 23 % of the companys paid of capital),to the Share Holders representing profit distribution for the third quarter of year 2012.

Al Agil added that the dividends will be distributed to Share Holders registered in Jarirs book by the end of trading date of Tuesday, October 23, 2012 (Record Date) and dividends payment process will be starting from Wednesday, November 7, 2012 (Payment Date).

Al Agil said that the company is continuing and committed to its policy for distributing cash dividends to its shareholders supported by the good profits and strong cash position.

Its worth to mention that the company distributed cash dividends for Q1 & Q2 of 2012 amounted to SR 2.2 and SR 1.4 per share respectively, bringing the total cash dividends for the nine months ended September 30, 2012 to SR 5.9 per share (equivalent to 59 % of the companys paid of capital), taking into consideration the capital increase from 40 to 60 million shares that has been approved end of 2011.


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