Rayan Advanced says selling shareholders waive right to dividends from 2022-2024

12/12/2022 ِArgaam
logo ofRayan AdvancedIndustrial

logo of Rayan Advanced Industrial

Rayan Advanced Industrial Co. announced its supplementary prospectus, including a decision about the board of directors’ recommendation on the payment of cash dividends at SAR 7 per share for 2022 to public shareholders. This dividend will be payable in full directly after the company’s listing. Rayan will also pay a semi-annual dividend at SAR 7 per share to the public for 2023 and 2024 to public shareholders.

 

Selling shareholders are Hassan Ali Hassan Al-Sairafi, Rayan Hassan Ali Al-Sairafi, Mohammed Hassan Ali Al-Sairafi, Wed Hassan Ali Al-Sairafi, Reem Hassan Ali Al-Sairafi, and Sami Fahid Khader Joudeh waived their right to the dividend, to be paid for the period from 2022-2024 to cover the dividend payout to public shareholders.

 

The selling shareholders will also not dispose of their shares for 30 months starting from the date Rayan is listed on Nomu-Parallel Market.

 

Rayan added that a general assembly meeting will be held to vote on the board’s recommendation at the earliest after listing.

 

 

For More IPOs

Comments {{getCommentCount()}}

Be the first to comment

{{comment.FollowersCount}}
{{comment.CommenterComments}}

رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}

{{comment.DisplayName}} حساب موثّق

{{comment.ElapsedTime}}
{{comment.Replies.length}}
تعديل
loader Train
Report
loader Train
Sorry: the validity period has ended to comment on this news
Opinions expressed in the comments section do not reflect the views of Argaam. Abusive comments of any kind will be removed. Political or religious commentary will not be tolerated.