Alkhaleej Training board says no dividend for 2024

Logo of Alkhaleej Training and Education Co.

Alkhaleej Training and Education Co.'s board of directors decided on March 19, that no dividends will be disbursed for 2024.

 

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In a statement to Tadawul, the company said that the decision comes to support and strengthen the company's financial position and maintain a margin of financial solvency to finance future development plans.

 

According to data compiled by Argaam, Alkhaleej Training reported a net profit of SAR 94.4 million in the first nine months of 2024, from SAR 17.5 million in the year-earlier period.

 

The company’s last dividend distribution was in 2020 at SAR 11.25 million or 2.5% (SAR 0.25 per share).

 

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