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.
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