Baazeem shareholders approve SAR 11.1 mln H2 dividend

Shareholders of Baazeem Trading Co. approved a cash dividend of SAR 0.11 per share for the second half of 2024, totaling SAR 11.14 million, during the company’s ordinary general assembly meeting, the company said in a statement on Tadawul.

Eligible shareholders are those holding shares at the end of the trading day on the meeting date and registered with the Securities Depository Center (Edaa) by the end of the second trading day after the record date. Dividend payments will be made on April 27, 2025.

The assembly also approved the board and auditor reports and the 2024 financial statements. Al-Kharashi & Partners was appointed as external auditor for Q2, Q3, and full-year 2025, as well as Q1 2026, with a fee of SAR 335,000, excluding VAT.

Shareholders endorsed related-party transactions worth SAR 6.68 million between the company and Baazeem Trading Establishment in Qatar, in which board member Salem Saleh Mohammed Baazeem has a direct interest. The transactions were conducted on a commercial basis without preferential terms.

Additionally, SAR 2.1 million was approved as remuneration for board members for 2024. The meeting also authorized the board to distribute interim dividends on a semi-annual or quarterly basis for fiscal year 2025.