Logo of Saudi Logistics Services Co. (SAL)
Saudi Logistics Services Co.’s (SAL) shareholders agreed to authorize the board of directors to distribute interim cash dividends on a semi-annual or quarterly basis for 2024, during the extraordinay general meeting (EGM) held on June 27.
In a statement to Tadawul, the company said shareholders also approved the board's recommendation to distribute total dividends for the second, third, and fourth quarters of 2023, amounting to SAR 272.8 million or SAR 3.41 per share.
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The EGM also approved the payment of a SAR 3.5 million bonus to the board members. Additionally, approval was given for several contracts and transactions conducted between the company and related parties, the statement added.
|
Cash Dividend (Q1 2024) |
|
|
Capital |
SAR 800 mln |
|
Number of Shares |
80 mln |
|
Total Dividend |
SAR 140.80 mln |
|
Percentage of Capital |
17.6% (SAR 1.76 per share) |
|
Record Date |
May 26, 2024 |
|
Payment Date |
Within 15 business days |
The EGM also approved the payment of a SAR 3.5 million bonus to the board’s members. Additionally, approval was given for several contracts and transactions conducted between the company and related parties, the statement added.
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