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Arriyadh Development approves 6.5% dividends for H2-20

Arriyadh Development approves 6.5% dividends for H2-20
Arriyadh Development will pay SAR 0.65 per share as H2-20 dividends
ARDCO
4150
-1.02% 23.24 -0.24

Riyadh – Mubasher: The shareholders of Arriyadh Development gave the green light for distributing 6.5% of the capital as cash dividends for the second half (H2) of 2020, according to a bourse filing on Monday.

The company will pay SAR 0.65 per share at a total value of SAR 115.55 million. Arriyadh Development will later announce the dividend distribution date.

The equityholders also approved the dividends accounting for 5% of the capital that were paid for the first half (H1) of 2020. That was equivalent to SAR 0.5 per share at a total value of SAR 88.88 million.

The company’s board recommended last month the H2-20 dividend payout.