Riyadh – Mubasher: Arabian Centres Company’s Board of Directors decided to distribute cash dividends worth SAR 237.5 million or 0.50 per share to shareholders for the second half (H2) ending 31 March 2020.

The number of shares eligible for dividends is 475 million shares, with dividends representing 5% of the share’s nominal value, according to a stock exchange statement on Tuesday.

Eligibility of dividends will be to shareholders on the maturity date on 16 July, as per the registered shareholders in the register of the Securities Depository Center Company (Edaa) at the end of the second trading day following the due date.

The dividends will be paid on 27 July, the statement added.

Last week, the company announced realising SAR 36.72 million worth of proceeds from Amlak International for Real Estate Finance initial public offering (IPO) completed on 5 July at a share price of SAR 16.