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Amak’s board recommends 20% of capital as dividends for H1-22

Amak’s board recommends 20% of capital as dividends for H1-22
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Riyadh – Mubasher: The board of Almasane Alkobra Mining Company (Amak) has proposed a cash dividend distribution of SAR 2 per share for the first half (H1) of 2022.

The listed firm would disburse SAR 129.08 million, representing 20% of the capital, for 64.54 million eligible shares, according to a bourse filing.

Furthermore, the eligibility date for the H1-22 dividends will be on 26 July, while the distribution date will be announced at a later time.

In the first three months (3M) of 2022, Amak registered net profits after Zakat and tax of SAR 41.81 million, up 21.82% from SAR 34.32 million in the year-ago period.