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National Agriculture Development Co. NADEC announces the distribution of dividend for period 2015 - 17/01/2016

Board of Directors of National agricultural Development Company (Nadec) convened on 16-01-2016 recommends to the extraordinary shareholders general assembly to pay cash dividends for the year 2015 as follows:
1.Total amount of distribution of dividend SAR 38.5 Millions
2.Divided per share SAR 0.5
3.Divided represents 5% of the share Face value.
4.Registered shareholders at the end of the date of the extraordinary shareholders general Assembly Meeting which will be determined later are eligible for the cash dividends. the date of the extra ordinary general Shareholders Assembly meeting will be determined after obtaining the formal approval from the related government agencies.
5.The date of the cash dividend payment will be announced later.