Riyadh - Mubasher: The board of Arriyadh Development has recommended the distribution of cash dividends to shareholders for the first half of the year at SAR 0.5 per share, according to a bourse filing.

The company said in a statement to the Saudi Stock Exchange (Tadawul) on Wednesday that the recommended dividends represent 5% of the share’s nominal value, with a total amount of SAR 66.67 million.

The statement revealed that distributing the dividends will begin on 24 August 2017, with the eligibility being to shareholders in the company’s registry at the Securities Depository Center Company at the end of the second trading day following the due date on 10 July.