Arriyadh Development shareholders to vote on 5% cash dividend for H2 2021 on May 12

Arriyadh Development Co.’s (ARDCO) shareholders will vote on the distribution of 5% cash dividend for the second half of 2021, at SAR 0.5 per share, amounting to SAR 88.89 million, during an extraordinary general assembly meeting, to be held on May 12, the company said in a bourse statement.

Eligibility to the cash dividend will be to shareholders of record at the end of the trading on the next general assembly meeting date (including shareholders registered with Edaa at the end of the second trading day following the meeting date). The payment date will be announced later.

Shareholders will also vote to appoint and set the fees of an auditor for the company. The appointed auditor will review financial statements for Q2, Q3, Q4 and FY 2022 and Q1 2023, the company added.