Arabian Contracting GA Agrees to Distribute SR92.5 mln Profits for 2021

The Board of Directors of Arabian Contracting Services Company announced on Wednesday the results of the Extraordinary General Meeting (First Meeting) which was held by means of modern technology on Tuesday, in 10.05.2022 after reaching the quorum of 74.94%.

Results of voting on the Assembly’s Agenda:

– Approval of the recommendation of the Board of Directors to distribute cash dividends to the Shareholders for the year 2021 with total amount of SR 92,500,000 at SR 1.86 per share, which represent 18.6% of the par value; where the eligibility will be to the shareholders owning shares on the general assembly meeting date, and those whose registered in the company’s share registry at the depository center (EDAA) at the end of the second trading day following the due date. The date of dividends distribution will be on Thursday 19 May 2022. In case of any shareholder who does not receive the dividend.