Arriyadh Development Co. announces the board of director’s recommendation to distribute cash dividends for Second half 2023 AD
| Element List | Explanation |
|---|---|
| Introduction | Riyadh Development Company, announces that the Board of Directors has recommended to distribute cash dividends of SAR 0.25 / share to the company’s shareholders for the second half of the year 2023, in addition to distributing special cash dividend of SAR 0.25 / share due to the sale of part of the company’s unutilized lands which are held for sale,
in line with the company’s strategy seeking to balance dividend distribution and sustainable growth. |
| Date of the board’s recommendation | 2024-03-07 Corresponding to 1445-08-26 |
| The Total amount distributed | 88,888,888.5 SAR |
| Number of Shares Eligible for Dividends | 177,777,777 Share |
| Dividend per share | SAR 0.50 / share |
| Percentage of Dividend to the Share Par Value (%) | 5 % |
| Eligibility date | The eligibility of dividends for the company’s shareholders who own shares at the end of trading on the day of the next general assembly and who are registered in the company’s records with the Securities Depository Center Company at the end of the second trading day following the date of the assembly. The assembly date will be announced later |
| Distribution Date | To be announced later |
| The name of other official authorities and the details of their non-refusal to the recommendation or decision | Not Applicable |
| Additional Information | - |
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