Sumou shareholders to vote on 10% dividend for FY2019 on June 30

08/06/2020 Argaam

 

Sumou Real Estate Co.’s shareholders are set to vote on the board’s recommendation to distribute 10% cash dividend, at SAR 1 per share, for the fiscal year 2019, during the general assembly meeting slated for June 30.

 

Dividend Details (FY2019)

Current Capital

SAR 250 mln

Number of shares

25 mln

Dividend

SAR 25 mln

Percentage of capital

10% (SAR 1 per share)

Record date

June 30, 2020 (including those registered at the Securities Depository Center two days after this date, are eligible to receive the dividend)

Payment date

To be determined

 

The Capital Market Authority (CMA) enabled shareholders to participate and vote on related meeting agenda through Tadawulaty System in line with the government’s efforts to prevent spread of coronavirus (COVID-19).

 

According to the data available on Argaam, this is the first time that Sumou distributes dividends since listing on the parallel market on May 11, 2020.

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