Saudi Networkers shareholders approve 23.5% cash dividend for H2 2023

25/06/2024 Argaam
Logo ofSaudi Networkers Services Co.

Logo of Saudi Networkers Services Co.

Saudi Networkers Services Co.’s shareholders approved the board's recommendation to pay a cash dividend of SAR 2.35 per share, or 23.5% of capital, for the second half of 2023 during the extraordinary general meeting (EGM) held on June 24.

 

Dividend Details (H2 2023)

Current Capital

SAR 60 mln

Number of Shares

6 mln

Dividend

SAR 14.1 mln

Percentage of Capital

23.5% (SAR 2.35 per share)

Record Date

June 24, 2024 (Shareholders registered with Edaa at the end of the second trading day following the record date)

Payment Date

July 7, 2024
 

Total Dividend (2023)

Dividend

SAR 26.1 mln

Percentage of Capital

43.5% (SAR 4.35 per share)
 

Shareholders also approved authorizing the board of directors to distribute interim dividends semi-annually or quarterly for 2024, according to a statement to Tadawul.

 

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