Sumou shareholders approve 10% dividend for FY2019

01/07/2020 Argaam

Sumou Real Estate Co.’s shareholders approved the board’s recommendation to distribute 10% cash dividend, at SAR 1 per share, for the fiscal year 2019, during the general assembly meeting held on June 30.

 

Shareholders also granted the board of directors the powers of the general assembly for 1 year or until the end of the current term, whichever is closer.

 

Dividend Details (FY2019)

Current Capital

SAR 250 mln

Number of shares

25 mln

Dividend

SAR 25 mln

Percentage of capital

10% (SAR 1 per share)

Record date

June 30, 2020 (including those registered at the Securities Depository Center two days after this date, are eligible to receive the dividend)

Payment date

To be determined

 

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