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Saudi Top for Trading’s board proposes 2022 dividends; shareholder excluded

Saudi Top for Trading’s board proposes 2022 dividends; shareholder excluded
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Riyadh – Mubasher: The board of Saudi Top for Trading Company has recommended a cash dividend distribution of SAR 12 per share for 2022 to the eligible shareholders, except for Abdullah Muhammad Al Ajmi who waived his earnings for 2022.

The firm would disburse a total of SAR 14.40 million as dividends, representing 120% of the capital, for 1.20 million eligible shares.

The dates of the eligibility and distribution will be announced at a later time, according to a bourse filing.

Saudi Top for Trading Company recently penned an agreement with the listed Rabigh Refining and Petrochemical Company (Petro Rabigh) to build a factory at a total cost of SAR 100 million.