Alandalus Property plans 10% dividend for FY 2018

20/03/2019 Argaam

 

Alandalus Property Co.’s board of directors has recommended a 10 percent cash dividend for the fiscal year 2018, at SAR 1 per share, amounting to SAR 70 million out of which SAR 35 million will be paid from earnings of 2018 and the remaining SAR 35 million will be paid from gains recognized on Al Ahli REIT (1) Fund’s IPO.

 

Dividend Details (FY 2018)

Current Capital

SAR 700 mln

Number of shares

70 mln

Dividend

SAR 70 mln (SAR 35 mln to paid from gains on Al Ahli REIT (1) Fund’s IPO)

Percentage of capital

10% (SAR 1 per share)

Record date

General Assembly Meeting

Payment date

To be determined

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