Baazeem Assembly Approves SAR 1.10 Per Share Cash Dividend for Second Half of 2023

Baazeem Trading Company announced the results of its Extraordinary General Assembly Meeting (Third Meeting), where the Board of Directors’ recommendation to distribute cash dividends totaling 11,137,500 riyals to shareholders for the second half of the fiscal year 2023 was approved. The dividend rate is 1.10 riyals per share, representing 11% of the capital. Eligibility for the dividend applies to shareholders who own shares at the end of trading on the meeting day and those registered in the company’s shareholder register with the Securities Depository Center Company (Depository Center) at the end of the second trading day following the maturity date.

According to the company, dividends will be deposited to shareholders on 25/06/2024. Additionally, the Board of Directors was approved to distribute interim dividends on a biannual or quarterly basis for the fiscal year 2024.