Riyadh – Mubasher: Zamil Industrial Investment's board apporoved the distribution of SAR 60 million in cash dividends, equivalent to SAR 1 per share for the first half of 2017, representing 10% of the face value.

The dividends' eligibility will be for shareholders on 7 August 2017, who are listed in the Securities Depository Center (SDC) by the end of the second day of trading following the due date, according to a bourse filing.

The dividend distribution date will be revealed later, the statement added.

The company’s capital amounts to SAR 600 million, distributed over 60 million issued shares, at a par value of 10 SAR per share.

Zamil's net losses declined 24.86% to SAR 78.23 million in the first hald of 2017, compared to SAR 104 million in H1-16.

By the end of Tuesday’s trading session, Zamil Industrial Investment’s stock slipped 0.55% to SAR 27.21.