Saudi Top Recommends SAR 0.6 Cash Dividend per Share for H2 2023

Saudi Summit Trading Company announced on Tuesday the Board of Directors’ recommendation to distribute cash dividends for the second half of fiscal year 2023. The dividends, totalling 7.2 million riyals, represent 60% of the nominal share value.

The recommended dividend per share is SAR 0.6, applicable to 12 million shares eligible for dividends. Shareholders eligible for cash dividends are required to hold shares on the entitlement date and be registered in the company’s shareholder registry with the Securities Depository Center Company (Depository Center) by the end of the second trading day following the company’s general assembly, the date of which will be announced later.

Abdullah Muhammad Al-Ajmi, a shareholder, has waived his profits for the second half of 2023.