Al Rasheed pays 20% cash dividend for H1 2024

18/08/2024 Argaam
Logo ofMohammed Hadi Al Rasheed and Partners Co.

Logo of Mohammed Hadi Al Rasheed and Partners Co.

Mohammed Hadi Al Rasheed and Partners Co.'s board of directors greenlit the distribution of a cash dividend at 20% of capital, or SAR 2 per share, for the first half of 2024, the company said in a statement to Tadawul today, Aug. 18.

 

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Dividend Details

Capital

SAR 120 mln

Current Number of Shares

12 mln

Par Value

SAR 10/share

Total Dividend

SAR 24 mln

Percentage of Capital

20% (SAR 2 per share)

Record Date

Aug. 22, 2024 (Shareholders registered with Edaa at the end of the second trading day following the record date)

Payment Date

Sept. 3, 2024
 

This will be the company's first dividend distribution since its debut on Nomu-Parallel Market on May 23, 2024, according to Argaam’s data.

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