Electrical Industries BOD recommends distributing SR45 mln Profits for 2021

Electrical Industries Co. announced the Board of Directors’ recommendation to pass the distribution of cash dividends to shareholders for the fiscal year 2021, with a total distributed amount of SR45 million/45 million shares, provided that the share of the distribution is SR1, and a distribution ratio to the nominal value of the share is 10%.

The company said in a statement published on Tadawul that the eligibly of dividend shall be shareholders who own the company’s share on the day of the upcoming General Assembly and registered at Securities Depository Center Company (EDAA).

It added that the distribution date shall be announced later after approving the distribution of dividend by the General Assembly.