Logo of TAM Development Co.
TAM Development Co.’s shareholders approved the board of directors’ recommendation to distribute a 12.3% cash dividend, or SAR 1.23 per share, for 2023, during the ordinary general meeting (OGM) held on June 11, according to a Tadawul statement
|
Cash Dividend (2023) |
|
|
Capital |
SAR 36.60 mln |
|
Number of Shares* |
3.66 mln |
|
Total Dividend |
SAR 4.05 mln |
|
Percentage of Capital |
12.3% (SAR 1.23 per share) |
|
Record Date |
June 11, 2024, including shareholders registered with the Securities Depository Center Co. (Edaa) at the end of the second trading day following the record day |
|
Payment Date |
June 27, 2024 |
* 3.29 million dividend-eligible shares
Additionally, shareholders approved transferring the balance of the statutory reserve, amounting to SAR 6.32 million and the other reserve amounting to SAR 3.08 million as of Dec. 31, 2023, to retained earnings.
They authorized the board of directors to distribute interim dividends for 2024 on a semi-annual or quarterly basis.
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