Almuneef EGM OKs 25% cash dividend for 2024

30/06/2025 Argaam
Logo ofAlmuneef Company for Trade, Industry, Agriculture and Contracting

Logo of Almuneef Company for Trade, Industry, Agriculture and Contracting

Shareholders of Almuneef Company for Trade, Industry, Agriculture and Contracting approved the board recommendation to distribute cash dividends at 25% of capital, or SAR 0.25 a share, for 2024, during an extraordinary general meeting (EGM) held on June 29, according to a statement to Tadawul.

 

Dividend Details

Current Capital

SAR 38 mln

Number of Shares

38 mln

Total Dividends

SAR 9.5 mln

Percentage of Capital

25% (SAR 0.25 a share)

Record Date

June 29, 2025 (shareholders of record and those registered with Edaa on the second trading day following the general meeting date)

Date of Payment

Within 15 days from record date
 
 

Shareholders also approved transferring the statutory reserve of SAR 4.11 million, as recorded in the 2024 financial statements, to retained earnings, the statement added.

 

Meanwhile, they authorized the board of directors to distribute an interim cash dividend for 2025 on a semi-annual or quarterly basis.

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