Logo of Knowledge Tower Trading Co.
Knowledge Tower Trading Co.’s shareholders will vote on the board's recommendation to distribute a cash dividend at 12.5% of capital (SAR 1.25 per share) for the fiscal year ended on March 31, 2022, during an ordinary general meeting (OGM) scheduled to be held on Feb. 12, as follows:
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Dividend Details |
|
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Current Capital |
SAR 17.50 mln |
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Number of Shares |
1.75 mln |
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Total Dividend |
SAR 2.19 mln |
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Percentage of Capital |
12.5% (SAR 1.25 per share) |
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Record Date |
Feb. 12, 2023 (Shareholders registered with Edaa by the close of the second trading day following the OGM) |
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Payment Date |
To be determined later |
According to the data available with Argaam, this will be the first cash dividend by Knowledge Tower since its listing on the Nomu-Parallel Market in November.
In a separate corrective statement on Tadawul today, Jan. 16, the company said that the dividend recommendation is for the fiscal year ended March 31, 2022, and not on March 31, 2021, as announced in an earlier statement in December.
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