Alsaif Gallery to pay SAR 0.1/share dividend for Q1 2023 after stock split

05/07/2023 Argaam
Logo ofAlSaif Stores for Development Investment Co. (Alsaif Gallery)

Logo of AlSaif Stores for Development & Investment Co. (Alsaif Gallery)

AlSaif Stores for Development & Investment Co. (Alsaif Gallery) said it would distribute a cash dividend of SAR 0.1 per share for Q1 2023.

 

The decision was based on shareholders’ approval to authorize the board of directors to distribute dividends for 2023, in addition to reducing the stock’s par value from SAR 10 to SAR 1.

 

Dividend Details (Q1 2023)

Current capital

SAR 350 mln

Number of shares

350 mln

Dividend

SAR 35 mln

Percentage of capital

1% (SAR 0.1 per share)

Record date

July 3, 2023

Payment date

July 13, 2023
 
According to data compiled by Argaam, Alsaif Gallery’s board of directors recommended, on May 7, reducing the stock's par value from SAR 10 to SAR 1.
 
The move was approved by the company’s shareholders in June.

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