Mufeed board approves 50% cash dividend for H1 2024

Logo of Mufeed Co.

Mufeed Co.'s board of directors approved on Dec. 12 the distribution of a cash dividend at 50% of capital, or SAR 5 per share, for the first half of 2024, as follows:

 

Dividend Details (H1 2024)

Current Capital

SAR 66 mln

No. of Shares

6.60 mln

Total Dividend

SAR 33 mln

Percentage of Capital

50% (SAR 5 a share)

Record Date

Dec. 18, 2024 (Shareholders registered with Edaa by the close of trading on the second day following the record date)

Payment Date

Dec. 23, 2024
 
 

According to Argaam, this marks the first cash dividend distribution by Mufeed since its listing on the Nomu-Parallel Market last November.

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