Banan Real Estate distributes cash dividends of SR5 million for First Half

The Board of Directors of Banan Real Estate Company announced on Thursday that the Ordinary General Assembly Meeting (first meeting) has been held at the company’s Headquarter, Riyadh City- via modern technology.

The percentage of attending shareholders reached 77.68%.

The company said in a statement on Thursday that the voting Results on the Items of the General Assembly’s Meeting Agenda’s included the following

1-Approved on the Board’s recommendation to distribute cash dividends to shareholders of SR 5,000,000 for the financial period ( June 30, 2021 ) at SR 0.25 per share, which represents (2.5%) of the nominal share value, All the shareholders registered with the Securities Depository Centre as shareholders of the Company at the at the end of second trading day of holding of General Assembly meeting shall be eligible for the dividend, Dividends distribution date will be announced later.

2- Approved on delegating the Board of Directors to distribute interim dividends on a a semi / quarterly basis for the fiscal year 2021.