Alandalus Property Co.’s board of directors has recommended a 20 percent cash dividend for fiscal year 2017 at SAR 2 per share -- amounting to a total SAR 140 million.
Details of the dividend payout are indicated in the table below:
|
Dividend Details (FY 2017) |
|
|
Current Capital |
SAR 700 mln |
|
Number of Shares |
70 mln |
|
Dividend |
SAR 140 mln (Includes SAR 105 mln gains from the IPO of Alahli REIT Fund 1) |
|
Percentage of Capital |
20% (SAR 2 per share) |
|
Record date |
To be determined |
|
Payment date |
To be determined |
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