The board of directors of L’azurde For Jewelry Co. has recommended a 5 percent cash dividend (SAR 0.5 per share) for fiscal year 2016, the company said in a statement.

 

This is the first time the jeweler issues dividend since listing in June 2016.

 

Cash Dividend Details (FY16)

SAR 430 mln

Current Capital

43 mln shares

Number of shares

SAR 21.5 mln

Cash dividend

5% (SAR 0.5/share)

Percent capital

General assembly

Record date

To be announced

Payment day

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