Dar Al-Arkan’s GA mulls the BOD recommendation for the non-distribution of dividends

16/06/2014 Argaam

The general assembly of Dar Al-Arkan Real Estate Development Company is to be held today to discuss the BOD recommendation of not distributing dividends for 2013.

The BOD has recommended in March 2014 the non-distribution of dividends for the year 2013 to support the company’s future growth.

According to Argaam’s Data; Dar Al-Arkan didn’t distribute dividends since 2009. However; the company distributed 30% cash dividends in 2007, 33.33% bonus shares in 2008 and 50% bonus shares in addition to 10% cash dividends in 2009.

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