SAL BOD approves SAR 140.8 million Cash dividends for Q1

SAL Saudi Logistics Services Co. announced that its Board of Directors had approved the distribution of interim cash dividends to shareholders for the first quarter ending March 31, 2024. The total amount is SAR 140.8 million, equivalent to 17.6% of the share par value.

The number of shares eligible for dividends is 80 million, with a dividend of SAR 1.75 per share. The eligibility date is May 26, 2025, and the distribution will occur within 15 days of this date.

The dividends will be distributed through the Securities Depository Centre, which will transfer the funds to investment portfolios via custody members. The company advises shareholders to ensure their information is updated with the custody members to avoid any delays in receiving their dividends.