Ades Holding Approves 21.6% Cash Dividend for H1 2024

Ades Holding Co. announced on Monday the results of its Ordinary General Assembly meeting held on Sunday, which included the approval of the Board of Directors’ recommendation to distribute interim cash dividends amounting to SAR 237.49 million to shareholders for the first half of 2024. The approved dividend is 0.216 riyals per share, representing 21.6% of the nominal value of each share.

Shareholders eligible for the dividend are those who owned shares at the close of trading on the day of the General Assembly and are registered in the company’s shareholders’ registry at the Securities Depository Center by the end of the second trading day following the due date. Dividend distribution will commence on Tuesday, October 1, 2024.

The General Assembly also approved the Board’s authorization to distribute interim dividends on a semi-annual basis for the fiscal year 2024.