KHC shareholders to discuss 2025 dividends, statutory reserve transfer on May 25

04/05/2025 Argaam
Kingdom Holding Co.’s (KHC) shareholders will discuss a 2.8% cash dividend (SAR 0.28 per share) for 2025, totaling SAR 1.03 billion, during the extraordinary general meeting (EGM) scheduled for May 25, according to a statement to Tadawul.

 

These dividends will be financed from the retained earnings and their distribution will be made on a quarterly basis at 0.7% (SAR 0.7 a share), totaling SAR 259.4 million per quarter.

 

However, this is conditional on shareholders deciding on paying out dividends on a semi-annual or quarterly basis for 2025 during the EGM.

 

Shareholders will also vote on the board’s recommendation to transfer the entire SAR 1.79 billion statutory reserve balance, as per the audited 2024 income statement, to the company’s retained earnings.

 

Other agenda items include discussing the appointment of an auditor from among the nominees set forth by KHC’s audit committee, in order to review the company’s financial statements for 2025 and Q1 2026, besides determining the associated fees.

 

This is in addition to getting votes on absolving the current board members from liability for 2024.

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