Fad’s Board of Directors Recommends a 50% Cash Dividend Distribution for 2024

Fad International announced the Board of Directors’ recommendation to distribute cash dividends to shareholders for the fiscal year ending December 31, 2024. The total amount distributed is SAR 6 million, with a dividend per share of SAR 5, representing a dividend ratio of 50% to the nominal value of the share.

The company stated that the number of shares eligible for dividends is 1.2 million, indicating that the distribution date will be announced later.

Dividends are due to shareholders who own shares at the end of trading on the day of the company’s general assembly and are registered in the company’s records with the Securities Depository Center Company (Edaa) by the end of the second trading day following the date of the general assembly. The date of the general assembly will be announced later after obtaining the necessary official approvals.