Saudi’s DIY chain SACO declares $4.8mln payout for shareholders – ZAWYA

Saudi’s DIY chain SACO declares $4.8mln payout for shareholders – ZAWYA

saudi's diy chain saco declares $4.8mln payout for shareholders cash dividends announced after firm sees improvement in sales despite covid-19    a saudi man looks at the computer showing stock prices at anb bank in riyadh, saudi arabia september 16, 2019. saudi company for hardware (saco), a popular diy chain that operates 32 retail outlets across the kingdom, has announced it will reward shareholders with cash dividends worth 18 million riyals ($4.8 million) for the first half of 2020.a total of 36 million shares will be eligible for the funds, which will be apportioned at 0.5 riyals per share, the company said in a filing with the saudi stock exchange (tadawul) on sunday.payable starting on august 30, 2020, the dividend distribution was approved despite the overall economic slowdown induced by the coronavirus pandemic.a total of 36 million shares will be eligible for the funds, which will be apportioned at 0.5 riyals per share, the company said in a filing with the saudi stock exchange (tadawul) on sunday.saudi company for hardware (saco), a popular diy chain that operates 32 retail outlets across the kingdom, has announced it will reward shareholders with cash dividends worth 18 million riyals ($4.8 million) for the