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.