Al Arabia shareholders to vote on 19% cash dividend for H1 2022 on Oct. 4

Logo of Arabian Contracting Services Co. (Al Arabia)

Arabian Contracting Services Co.'s (Al Arabia) shareholders will vote on the board's recommendation to pay a cash dividend at 19%, or SAR 1.9 per share, totaling SAR 95 million, for H1 2022, during the ordinary general assembly meeting (OGM), scheduled for Oct. 4, according to a bourse filing today, Sept. 13. 

Eligibility to the dividend distribution will be to shareholders registered with the Securities Depository Center by the close of the second trading day following the OGM. 

The dividend distribution will be on Oct. 19, 2022. 

Shareholders will also vote on delegating the board of directors to distribute cash dividends quarterly or semi-annually for 2022. 

Other agenda items include voting on the corporate social responsibility policy, amending the company's policies, standards, and procedures for board membership, as well as the remuneration policy for the board, its committees and executive management.

The e-voting on agenda items will start from Sept. 30.