Dar Al-Arkan Real Estate Development Co.’s general assembly approved a 5 percent cash dividend for the fiscal year 2017, at SAR 0.5 per share, amounting to SAR 540 million.
Shareholders have also delegated the board of directors to distribute semi-annual or quarterly cash dividend for the fiscal year 2018 in accordance with the company’s financial position, cash flows and strategic plans.
The real estate developer hasn’t distributed cash dividend since 2009, according to data available on Argaam.
|
Dividend Details (FY 2017) |
|
|
Current Capital |
SAR 10.8 bln |
|
Number of shares |
1.08 bln |
|
Dividend |
SAR 540 mln |
|
Percentage of capital |
5% (SAR 0.5 per share) |
|
Record date |
May 15, 2017 |
|
Payment date |
To be determined |
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