ADES BOD recommends distributing cash dividends for H1

ADES Holding Company announced the Board of Directors’ recommendation to distribute cash dividends to shareholders for the first half of the fiscal year 2024 in the amount of 237.5 million riyals, equivalent to 21.6% of the nominal value of the share.

The number of shares eligible for dividends is 1.098 billion shares at 0.216 riyals per share.

According to the company, the eligibility date is after the General Assembly approves this recommendation, while the eligibility to distribute dividends is for shareholders who own shares at the end of the trading day of the date of the assembly, and who are registered in the company’s shareholders’ register with the Securities Depository Center Company (Edaa) at the end of the second trading day following the date of the General Assembly, which will be announced later.