Logo of Altharwah Albashariyyah Co. (Tharwah)
The board of directors of Altharwah Albashariyyah Co. (Tharwah) recommended, on Oct. 17, a 12% cash dividend for the first half of 2024, at SAR 0.6 per share, as shown below:
Dividend (H1 2024) |
|
Current Capital |
SAR 23.5 mln |
Number of Shares |
4.71 mln |
Nominal Value |
SAR 5/share |
Total Dividends |
SAR 2.82 mln |
Percentage of Capital |
12% (SAR 0.6 per share) |
Record Date |
Oct. 23, 2024 (including shareholders of record at the Securities Depository Center Edaa on the second day following the record date) |
Payout Date |
Nov. 4, 2024 |
Meanwhile, the board recommended the transfer of the statutory reserve balance of SAR 150,000 as of June 30, 2024, to the retained earnings account.
According to data compiled by Argaam, this is the first dividend to be distributed by the company since its listing in August on Nomu-Parallel Market.
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