Al Mohafaza for Education OKs SAR 0.50/shr dividend for FY 2023/24

26/01/2025 Argaam
Logo ofAl Mohafaza Company for Education

Logo of Al Mohafaza Company for Education

Shareholders of Al Mohafaza Company for Education approved the board's recommendation on paying a cash dividend at 5% of capital, or SAR 0.50 a share, for the fiscal year ended July 31, 2024, during an extraordinary general meeting (EGM) held on Jan. 23.

 

Dividend Details  

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

Jan. 23, 2025 (including shareholders registered with Edaa by the end of the second trading day after the record date).

Payment Date

Jan. 29, 2025
 

In a Tadawul statement, the company said shareholders also authorized the board of directors to distribute interim dividends on a semi-annual or quarterly basis for FY 2024/25. 

 

In addition, shareholders ratified 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.

 

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