Saudi Airlines Catering’s 13.5% dividend approved

Dubai: Saudi Airlines Catering said on Sunday its board has approved dividends of 13.5 per cent or 1.35 Saudi Riyals to its shareholders for the first quarter of 2018. The total payout will be 110 million Saudi riyals (Dh97.9 million).

The eligibility of dividends shall be for the shareholders whose owns shares on June 21, the company said in a statement posted on Tadawul’s website. The dividend will be distributed on July 3.

Saudi Airlines Catering shares closed 1 per cent lower to 87.3 riyals.