Arabian Drilling discusses distributing SAR 225 mln in cash dividends for H1

The Board of Directors of Arabian Drilling invited the shareholders to attend the Ordinary General Assembly meeting (the first meeting) on 01 November 2023 at 6:30 pm to discuss the agenda

General Assembly Meeting Agenda:

1- To vote on the Board of Directors’ recommendation to distribute cash dividends of SAR (225,170,000) to shareholders for the first half of the year 2023 at the rate of SAR (2.53) per share and at a rate of (25.3%) of the nominal value of the share, provided that the eligibility shall be for shareholders who own shares at the end of trading on the day of the General Assembly and who are registered in the company’s shareholders register at the Securities Depository Center Company (Edaa) at the end of the second trading day following the maturity date, and the date of dividend distribution will be announced later.

2- To vote on authorizing the Board of Directors to distribute interim cash dividends to the shareholders on a biannual or quarterly basis for the financial year 2023.

Honourable shareholders registered on the Tadawulaty services website can vote remotely on the items of the General.