Sumou Real Estate shareholders approve 5% cash dividend for H2 2021

18/05/2022 Argaam
Sumou Real Estate Co.’s headquarters

Sumou Real Estate Co.’s headquarters

Shareholders of Sumou Real Estate Co. approved the board's proposal for a 5% cash dividend, or SAR 0.50 per share, for H2 2021, during the ordinary general meeting (OGM) held on May 17, according to a bourse filing.

 

Dividend (H2 2021)  

Current Capital 

SAR 375 mln

Number of Shares 

37.5 mln

Total Dividend

SAR 18.75 mln

Percentage of Capital 

5% (SAR 0.5 per share)

Record Date 

May 17, 2022 (Shareholders of record with the Securities Depository Center at the end of the second trading day following the record date)

Payment Date 

May 30, 2022

Dividend (2021)  

Total Dividend

SAR 37.5 mln

Percentage of Capital 

10% (SAR 1 per share)

 

However, shareholders disapproved to delegate the board of directors with the OGM powers for one year.

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