Saudi Top Trading board proposes SAR 12 cash dividend from 2022-2024

06/12/2022 Argaam

Saudi Top Trading Co.’s board of directors recommended a cash dividend at SAR 12 per share for 2022, payable to public shareholders in full directly after the company’s listing, Chairman Abdullah AlAjmi said.

 

The company will also pay a semi-annual dividend at SAR 12 per share for 2023 and 2024 each to public shareholders.

 

Saudi Top Trading aims to maintain a clear and solid dividend policy from the listing date until its transition to the main market later, after the expiration of the regulatory period and completion of the relevant requirements, AlAjmi added.

 

The company’s initial public offering (IPO) started on Nov. 27 and will close on Dec. 8.

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