Bahri Board Recommends SAR 406 Million Cash Dividends for 2023

The National Shipping Company of Saudi Arabia (Bahri) has announced the Board of Directors’ proposal to distribute cash dividends for the fiscal year 2023, equivalent to 5.5% of the nominal value of the share.

The total number of shares eligible for dividends is 738.2 million shares, with a dividend amount of 0.55 riyals per share. Shareholders who own shares on the day of entitlement and are registered in the company’s shareholder register with the Securities Depository Center Company at the end of the second trading day following the General Assembly will be eligible for these cash dividends.

Bahri encourages its shareholders to promptly update their information and ensure that their bank account details are linked to their investment portfolios. This will facilitate the direct deposit of dividends into their bank accounts on the distribution day, ensuring a seamless process for all shareholders.