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