Halwani Brothers BOD recommends distribution of SR70.7 mln dividends for 2021

Halwani Brothers Company announced on Wednesday the issuance of Board of Directors resolution in its meeting held on 28 December 2021, by the recommendation to General Assembly regarding the distribution of cash dividends for the shareholders for the fiscal year of 2021.

The total amount distributed is SR 70,714,290, provided that the dividend per share is SAR (2) per share.

The percentage of dividend to the Share Par Value is 20 %.

The company stated on (Tadawul) that the number of shares eligible for dividends is 35,357,145 Shares, as well as, the distribution date and mechanism will be announced later.

The eligibility of Cash dividends will be to the Shareholders who own the company shares on the eligibility date and enrolled in the Company’s register at Securities Depository Centre Company (Edaa) by the end of the second trading day of the day of the General Assembly of the company, which will be announced later, after getting the required approvals from competent bodies, the company concluded.