Thursday, 28 March 2024

Al Hammadi Assembly Approves BOD Recommendation to Distribute SR72 Million Profits

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اقرأ المزيد

The Board of Directors of Al Hammadi Company for Development and Investment announced on Sunday the results of the AGM (First Meeting) and the percentage of attending shareholders is 51.

Voting Results on the Items of the General Assembly’s Meeting Agenda:

  1. Approval of The board’s recommendation to distribute cash dividends amounting to (SR72 million) to the shareholders for the fiscal year ending 31.12.2021 at (SR 0.6) per share representing (6%) of the nominal value of the share. Provided that the entitlement to dividends is for shareholders holding the shares by the end of the trading day of assembly date, and who are registered in the Company’s shareholders registry held with the Security Depository Center Company (Edaa) at the end of the second trading day following the entitlement date, the disbursement of dividends will begin by transferring them to accounts associated with the portfolios of eligible shareholders as of Sunday, 26.12.2021 and any shareholder in the event of a failure of deposit in his account can contact the Company via email: [email protected]
  2. Approval of authorizing the Board of Directors to distribute interim dividends on semi-annual or quarterly basis for the fiscal year 2022.

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