| Element List | Explanation |
|---|---|
| Announcement Detail | Alandalus Property Co. announces that its Board of Directors approved Monday25 /12/ 1445H, corresponding to 1/7/2024 G, its dividend distribution policy of years 2024, 2025 and 2026, which will be presented for approval to the upcoming General Assembly, the date of which will be announced later. This policy aims to maintain a minimum distribution per share through distributing 60% of the Company’s net profit annually.
The policy is as follows:
Alandalus Property Co. intends to distribute 60% of its annual net profits of years 2024, 2025 and 2026. And the Distribution will be semi-annually, will be implemented in accordance with the Capital Market Authority's rules and regulations and the Companies Law.
However, this policy shall be subject to change based on the following factors:
1- The Company's profits (Achieving sufficient profits that allow for legal distribution) and its financial position. 2- Cash flows and new capital investments and future projections of external funding volume Taking into consideration the importance of maintaining a strong monetary policy to meet any changes. 3- Any restrictions on the distribution under any financing loans the Company intends to enter into. 4- Any fundamental changes in laws, regulations and controls related to their implementation. 5- Any material changes in the Company's activity or strategy and its obligations or financial results. 6-Any other legal or regulatory considerations. |
| Attached Documents |  |
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