Alandalus shareholders authorize board to distribute 2025 interim dividends

Alandalus headquarters

Alandalus Property Co.’s shareholders authorized the board of directors to distribute interim dividends on a semi-annual basis for 2025, according to a statement to Tadawul.

For more news on listed companies

In addition, shareholders approved to discharge the board members from liability for the year ended Dec. 31, 2024.

Shareholders also approved all other items on the ordinary general meeting’s agenda, the statement added.

Alandalus paid a 2.5% cash dividend at SAR 0.25 a share for H2 2024, data compiled by Argaam showed.

In December 2024, shareholders approved a three-year dividend distribution policy, under which the company intended to pay 60% of the annual net profit for the years 2024, 2025, and 2026 on a semi-annual basis.

The policy stipulated that dividends will be deducted from the accumulated retained earnings from previous years and/or from distributable reserves formed from profit. The company shall ensure consistency and regularity of the process according to its financial capacity and available liquidity.