Al Mohafaza for Education board recommends 5% cash dividends for FY 2023/2024

06/10/2024 Argaam
Logo ofAl Mohafaza Company for Education

Logo of Al Mohafaza Company for Education

Al Mohafaza Company for Education board of directors recommended, in a meeting held today, Oct. 6, the distribution of 5% cash dividend, or SAR 0.5 per share, for the fiscal year (FY) ended July 31, 2024, according to a statement to Tadawul.

 

Dividend Details (FY 2023/2024)

Current Capital

SAR 80 mln

Number of Shares

8 mln

Total Dividend

SAR 4 mln

Percentage of Capital

5% (SAR 0.50 per share)

Record Date

To shareholders owning shares at the end of the day of the company's general assembly meeting and who are registered at the Securities Depository Center at the close of the second trading day after the general assembly date.

Payment Date

To be announced later
 
This will be the company's first dividend distribution since its debut on Nomu-Parallel Market in March 2024, according to Argaam's data.

 

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