Riyadh Cables shareholders to vote on 15% cash dividend for 2022 on June 20

Logo of Riyadh Cables Group Co.

Riyadh Cables Group Co.’s shareholders will vote on the board of directors’ recommendation for payment of a cash dividend at 15% of capital, or SAR 1.5 a share, for 2022, during the extraordinary general meeting (EGM) slated for June 20, according to a statement to Tadawul.

Eligible shareholders will be those owning shares and are registered with the Securities Depository Center Co. (Edaa) at the end of the second trading day following the EGM date.

The dividends will be distributed within 15 days from the EGM date, the company noted.

According to data available on Argaam, this is the first dividend announced by Riyadh Cables since its listing on the Saudi Exchange in December 2022.