Arriyadh Development shareholders to vote on SAR 0.5 cash dividend from retained earnings on June 29

08/06/2022 Argaam

Logo of Arriyadh Development Co.

Shareholders of Arriyadh Development Co. will vote on paying cash dividend at 5% of capital, or SAR 0.50 a share, during the ordinary general meeting (OGM), slated for June 29, according to a bourse filing.  

 

The cash dividend will be paid at SAR 88.89 million and will be financed from retained earnings.  

   

Dividend  

Current capital    

SAR 1.7778 bln   

Number of shares    

177.78 mln   

Total dividends    

SAR 88.89 mln   

Percentage of capital    

5% (SAR 0.5 per share)   

Record Date

June 29, 2022 (Shareholders registered with Edaa at the end of the second trading day following the record date)

Payment date    

To be determined   

 

The shareholders will discuss forming an audit committee for the new three-year term starting from the OGM date. They will also vote on defining the committee’s duties, work regulations, and member remuneration.  

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