Logo of Saudi Top Trading Co.
Saudi Top for Trading Co.’s shareholders approved the board’s recommendation to pay a cash dividend at 120%, or SAR 12 per share, for 2022, during the extraordinary general meeting (EGM) held on Jan. 31, according to a statement to Tadawul.
These dividends are payable to public shareholders, excluding Abdullah AlAjmi who waived his profit for 2022.
|
Dividend Details (2022) |
|
|
Current capital |
SAR 40 mln |
|
Number of shares |
4 mln |
|
Eligible shares |
1.2 mln |
|
Total dividend |
SAR 14.4 mln |
|
Percentage of capital* |
120% (SAR 12 per share) |
|
Record date |
Jan. 31, and shareholders registered with Edaa by the close of the second trading day following the EGM |
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Payment date |
Feb. 12 |
*Excluding shareholder Abdullah AlAjmi who waived his profit for 2022
Shareholders also approved authorizing the board to distribute interim dividends on quarterly or semi-annual basis for 2023.
According to data complied by Argaam, Saudi Top Trading announced, prior to its listing on Nomu-Parallel Market, a cash dividend at SAR 12 per share for 2022, payable to public shareholders in full directly after the company’s listing.
The company also stated that it will pay a semi-annual dividend at SAR 12 per share for 2023 and 2024.
Meanwhile, shareholder Abdullah AlAjmi, who owns 70% of the company’s capital, waived his profit for 2022, 2023 and 2024.
AlAjmi, further, announced he will not dispose of his shares for a period of three years, as of the date of the company’s listing on Nomu.
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