Retal shareholders to vote on 20% cash dividend for H1 2022 on Sept. 29

Logo of Retal Urban Development Co.

Retal Urban Development Co.’s shareholders will vote on the board’s recommendation to pay a cash dividend at SAR 2 a share, or 20% of capital, for H1 2022, during the extraordinary general meeting (EGM), scheduled for Sept. 29, according to a bourse filing.

Dividend distribution will start on Oct. 12, 2022.

Shareholders will also vote on amending corporate governance policy and other articles of bylaws related to company’s name, board meetings, authorities of the board chairman, deputy and managing director, in addition to other items.

Shareholders can vote remotely on Sunday, Sept. 25.