Alkhaleej Training board recommends no dividend for 2022

Logo of Alkhaleej Training and Education Co.

Alkhaleej Training and Education Co.’s board of directors recommended today, April 27, withholding dividend for 2022, the company said in a statement to Tadawul.

The recommendation aims to focus on providing necessary funding for acquisitions and expansions in the education sector, as well as supporting the company's financial position.

The proposal is pending the approval of the upcoming general assembly.

Alkhaleej Training’s board recommended freezing dividend for 2021 to allow the company to focus on acquisitions and expansions in the education sector, provide the necessary funding, and support its financial position, according to data compiled by Argaam.

The company distributed a 2.5% cash dividend, or SAR 0.25 a share, at a total value of SAR 11.25 million for 2020.