AI Summary
| Element List | Explanation |
|---|---|
| Introduction | The Board of Directors of Riyadh Development Company, in its meeting held on Wednesday, Rabi' al-Awwal 25, 1447 AH, corresponding to September 17, 2025 AD, decided to distribute cash dividends to the company's shareholders at the rate of 0.25 riyals per share for the first half of 2025 AD. This is in line with the company's strategy, which seeks to balance dividend distribution with sustainable growth. |
| Date of the board’s decision | 2025-09-17 Corresponding to 1447-03-25 |
| The Total amount distributed | 58,482,704.25 riyals |
| Number of Shares Eligible for Dividends | 233,930,818 shares |
| Dividend per share | 0.25 riyals |
| Percentage of Dividend to the Share Par Value (%) | 2.5 |
| Eligibility date | 2025-09-28 Corresponding to 1447-04-06 |
| Distribution Date | 2025-10-16 Corresponding to 1447-04-24 |
| The name of other official authorities and the details of their non-refusal to the recommendation or decision | Not applicable |
| Additional Information |
The Board of Directors of Arriyadh Development Company, in its meeting held on Wednesday, Rabi' al-Awwal 25, 1447 AH, corresponding to September 17, 2025 AD, decided to distribute cash dividends to the company's shareholders at the rate of 0.25 riyals per share for the first half of 2025 AD. This is in line with the company's strategy, which seeks to balance dividend distribution with sustainable growth.
It is worth noting that on February 3, 2025, the company increased its capital from one billion, seven hundred and seventy-seven million, seven hundred and seventy-seven thousand, seven hundred and seventy (1,777,777,770) Saudi riyals to two billion, three hundred and thirty-nine million, three hundred and eight thousand, one hundred and eighty (2,339,308,180) Saudi riyals. The company maintained the dividend per share rate as part of its efforts to maximize total shareholder returns. The distribution, God willing, will be made via direct transfer to the bank accounts linked to shareholders' investment portfolios. The company urges shareholders to update their information with the banks holding their accounts to ensure the direct deposit of their due dividends in the future. |
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