Alandalus Property Co.’s board of directors has recommended a 10 percent cash dividend for the fiscal year 2018, at SAR 1 per share, amounting to SAR 70 million out of which SAR 35 million will be paid from earnings of 2018 and the remaining SAR 35 million will be paid from gains recognized on Al Ahli REIT (1) Fund’s IPO.
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Dividend Details (FY 2018) |
|
|
Current Capital |
SAR 700 mln |
|
Number of shares |
70 mln |
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Dividend |
SAR 70 mln (SAR 35 mln to paid from gains on Al Ahli REIT (1) Fund’s IPO) |
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Percentage of capital |
10% (SAR 1 per share) |
|
Record date |
General Assembly Meeting |
|
Payment date |
To be determined |
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