Sumou Real Estate plans 10% dividend for FY2019

31/05/2020 Argaam

Sumou Real Estate Co.’s board of directors recommended a 10% cash dividend for the fiscal year 2019, at SAR 1 per share, amounting to SAR 25 million.

 

This is the first time that the newly Nomu-listed firm pays out dividend for its shareholders since its listing on May 11, 2020, according to data compiled by Argaam.

 

Dividend Details (2019)

Current Capital

SAR 250 mln

Number of shares

25 mln

Dividend

SAR 25 mln

Percentage of capital

10% (SAR 1 per share)

Record date

General assembly meeting (including those registered at the Securities Depository Center two days after this date, are eligible to receive the dividend)

Payment date

To be determined

 

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