Al Mohafaza for Education EGM to discuss SAR 0.50/shr dividend on Jan. 23

02/01/2025 Argaam
Logo ofAl Mohafaza Company for Education

Logo of Al Mohafaza Company for Education

Shareholders of Al Mohafaza Company for Education will discuss the board's recommendation on paying a cash dividend at 5% of capital, or SAR 0.50 a share, during an extraordinary general meeting (EGM) to be held on Jan. 23.

 

Dividend Details  

Current Capital

SAR 80 mln

Number of Shares

8 mln

Nominal Value

SAR 10

Total Dividend

SAR 4 mln

Percentage of Capital

5% (SAR 0.50 per share)

Record Date

Shareholders of record at the end of the EGM date and those registered with Edaa by the end of the second trading day after the record date

Payment Date

To be announced later
 
 

In a Tadawul statement, the company said shareholders will also vote on transferring the statutory reserve of SAR 1.24 million to retained earnings of SAR 18.25 million as per financial statement for the fiscal year ended on July 31, 2024.

 

In addition, shareholders will vote on authorizing the board of directors to distribute interim dividends on a semi-annual or quarterly basis for FY 2024/25.

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