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Al Mohafaza for Education EGM to discuss SAR 0.50/shr dividend on Jan. 23
AI Summary
Logo of Al Mohafaza Company for Education
Shareholders of Al Mohafaza Company for Education will discuss the board's recommendation on paying a cash dividend at 5% of capital, or SAR 0.50 a share, during an extraordinary general meeting (EGM) to be held on Jan. 23.
|
Dividend Details |
|
|
Current Capital |
SAR 80 mln |
|
Number of Shares |
8 mln |
|
Nominal Value |
SAR 10 |
|
Total Dividend |
SAR 4 mln |
|
Percentage of Capital |
5% (SAR 0.50 per share) |
|
Record Date |
Shareholders of record at the end of the EGM date and those registered with Edaa by the end of the second trading day after the record date |
|
Payment Date |
To be announced later |
In a Tadawul statement, the company said shareholders will also vote on transferring the statutory reserve of SAR 1.24 million to retained earnings of SAR 18.25 million as per financial statement for the fiscal year ended on July 31, 2024.
In addition, shareholders will vote on authorizing the board of directors to distribute interim dividends on a semi-annual or quarterly basis for FY 2024/25.
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