Tharwah’s board declares SAR 0.6/share dividend for H1 2024

08:57 AM (Mecca time) Argaam
Logo ofAltharwah Albashariyyah Co. (Tharwah)

Logo of Altharwah Albashariyyah Co. (Tharwah)

The board of directors of Altharwah Albashariyyah Co. (Tharwah) recommended, on Oct. 17, a 12% cash dividend for the first half of 2024, at SAR 0.6 per share, as shown below:

 

Dividend (H1 2024)  

Current Capital 

SAR 23.5 mln

Number of Shares 

4.71 mln

Nominal Value

SAR 5/share

Total Dividends 

SAR 2.82 mln

Percentage of Capital 

12% (SAR 0.6 per share)

Record Date 

Oct. 23, 2024 (including shareholders of record at the Securities Depository Center Edaa on the second day following the record date)

Payout Date 

Nov. 4, 2024
 

Meanwhile, the board recommended the transfer of the statutory reserve balance of SAR 150,000 as of June 30, 2024, to the retained earnings account.

 

According to data compiled by Argaam, this is the first dividend to be distributed by the company since its listing in August on Nomu-Parallel Market.

 

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