Logo of Al-Fakhera for Men’s Tailoring Co.
Shareholders of Al-Fakhera for Men’s Tailoring Co. approved the board’s proposal to distribute a cash dividend at 23% of capital, or SAR 0.23 per share, for the first half of 2024 during the ordinary general assembly meeting (OGM) held on Feb. 27, according to a statement to Tadawul.
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Dividend Details |
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Current capital |
SAR 36 mln |
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Current number of shares |
36 mln |
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Nominal value |
SAR 1 per share |
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Total dividend |
SAR 8.28 mln |
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Percentage of capital |
23% (SAR 0.23 per share) |
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Record date |
Feb. 27, 2025 (Shareholders registered with Edaa at the end of the second trading day following the record date) |
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Payment date |
March 11, 2025 |
Shareholders also ratified the board's proposal for allocating SAR 20 million from the offering proceeds for 2025 and 2026 as a Shariah-compliant deposit in a Saudi bank. The deposit aims to achieve appropriate returns until the time of its use according to the prevailing return rate at that time. The funds will support the company’s plan outlined in its prospectus.
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