Logo of Ladun Investment Co.
Ladun Investment Co.’s shareholders approved June 4 authorizing the board of directors to pay interim dividends on a semi-annual basis for 2024.
The shareholders also approved mandating the board with the powers of the general assembly, as per Article 27/1 of the Companies Law, for one year from the meeting date or until the end of the board term, whichever comes earlier, Ladun said in a statement to Tadawul.
According to Argaam data, Ladun distributed cash dividends at 4% of its capital, or SAR 0.04 per share, for the first half of 2023.
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