Alandalus shareholders to vote on dividend policy on Dec. 1

27/10/2024 Argaam
Alandalus Property Co.headquarters

Alandalus Property Co. headquarters

Shareholders of Alandalus Property Co. will meet on Dec. 1 to vote on amending Article 41 of the company’s bylaws related to interim profits and dividend eligibility.

 

They will also vote on the dividend policy, including the company’s plan to distribute 60% of net profit semiannually for the period from 2024 to 2026.

 

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Shareholders will also vote on authorizing the board to pay semi-annual dividends for 2024, in case the abovementioned amendment is approved.
 
Among other items on the agenda is the transfer of SAR 100.6 million statutory reserve to the retained earnings balance as of Dec. 31, 2023.

 

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