Amwaj International approves BOD recommendation to distribute SAR 9 mln in cash dividends for H2

Amwaj International Company announced on Tuesday to its shareholders the results of the extraordinary general assembly meeting (first meeting), which was held on Monday, that included approval of the Board of Directors’ recommendation to distribute cash dividends

The cash dividends will be in the amount of (9,000,000) nine million riyals to shareholders for the financial period (06/30/2023 AD) at the rate of (1.5) riyals and fifty halalas for each share, at a rate of (15%) of the capital.

This is provided that Eligibility will be for shareholders who own shares at the end of trading on the day of the General Assembly and who are registered in the company’s shareholder registry with the Securities Depository Center Company (Depository Center) at the end of the second trading day following the entitlement date.

The dividend distribution date will be announced later.

Voting Results on the Items of the General Assembly’s Meeting Agenda’s as following:

– Approval of amending Article (21) of the statute relating to the powers of the president, deputy, managing director, and secretary.