Shareholders agree issue of one free share for every four held and a $0.19 dividend.
Shareholders of Saudi Public Transport Co. (Saptco) have approved a bonus share issue of one free share for every four held and a 0.7-riyal ($0.19) dividend for 2006, the company said on Wednesday.
The bonus share issue will raise Saptco's capital to 1.25 billion riyals, it said in a statement on the Saudi bourse website. Shareholders voted on the dividends at an annual general assembly meeting on Tuesday.
The firm paid a dividend of 0.6 riyals for 2005. Saptco made a net profit of 315.1 million riyals in 2006, up more than 150% compared with the year earlier.