GAS decides 15% dividend for H1 2024, plans reserve transfer to retained earnings

07/08/2024 Argaam

GAS decides 15% dividend for H1 2024, plans reserve transfer to retained earnings

Logo of GASArabian Services Co. (GAS) 

GAS Arabian Services Co.’s (GAS) board of directors decided to distribute cash dividends at 15% of capital, or SAR 0.15 per share, for H1 2024.

 

Dividend Details (H1 2024)

Current Capital

SAR 158 mln

Number of Shares*

158 mln

Par Value

SAR 1/share

Total Dividend

SAR 23.64 mln

Percentage

15% (SAR 0.15 per share)

Record Date

Aug. 22, 2024, (For shareholders registered with Edaa on the second trading day following the record date.)

Distribution Date

Sept. 4, 2024
*The number of shares eligible for distribution is 157.59 mln.
 

In a separate statement to Tadawul, the company said the board recommended, on Aug. 6, that the general assembly approve transferring the entire statutory reserve of SAR 36.87 million, as in the 2023 financial statements, to retained earnings.

 

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