Saudi Arabia’s Clean Life shareholders approve SAR 4.5 mln cash dividend for FY 2024

Shareholders of Clean Life Co. approved a cash dividend of SAR 4.5 million for the fiscal year ending Dec. 31, 2024, following the company’s ordinary general assembly meeting, the company said in a statement on Tadawul.

The dividend will be paid to shareholders owning shares at the close of trading on the day of the assembly and registered with the Securities Depository Center (Edaa) by the end of the second trading day after the record date. Payouts are scheduled to begin on April 30, 2025.

The meeting also approved the board and auditor’s reports, as well as the company’s financial statements for the year. Maham Consulting Co. was appointed as auditor for the first half and full-year financials of 2025.

Shareholders endorsed several related-party transactions involving board members, including:

• Transactions with Hayat Sahla Co., involving asset and equipment purchases, goods, and support services, valued at SAR 3.21 million.

• Deals with Hayat Al-Nazifa Co. for leased labor and other payments, worth SAR 3.92 million.

• An agreement with Asas Makin Real Estate Development Co. to construct a residential building, valued at SAR 9.26 million.

Other approved transactions included various payments on behalf of and for the acquisition of subsidiaries involving board members Mohammad Saleh Al-Nasser, Abdullah Saleh Al-Nasser, Abdulaziz Saleh Al-Nasser, and Abdulrahman Saleh Al-Nasser, ranging from SAR 10,000 to over SAR 3 million.

Additionally, shareholders authorized the board to distribute semi-annual dividends for FY 2025 and approved a total of SAR 552,000 in board member bonuses for FY 2024.