Al Majed Oud GA Approves Distribution of SAR 100 Mln Cash Dividend for 2024

Al Majed Oud Company announced on Tuesday the results of its Ordinary General Assembly Meeting (First Meeting), which included approval of the Board of Directors’ recommendation to distribute cash dividends to shareholders for the fiscal year 2024 totaling SAR 100 million, at SAR 4 per share, representing 40% of the nominal value of the share.

According to the company, the dividends will be due to shareholders registered in the shareholders’ records at the end of the due date, the day of the company’s General Assembly Meeting (the due date). The dividend distribution date will begin within fifteen (15) business days from the due date specified in the General Assembly Resolution.