Alandalos Property Co.’s general assembly has approved a 20 percent cash dividend for the fiscal year 2017, at SAR 2 per share, amounting to SAR 140 million.
The dividend includes SAR 105 million realized gains on the IPO of 31.27 percent of AlAhli REIT Fund (1).
Shareholders have also delegated the board of directors to distribute semi-annually or quarterly cash dividend for the fiscal year 2018 in accordance with the rules and procedures of the corporate law.
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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) |
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Percentage of capital |
20% (SAR 2 per share) |
|
Record date |
May 27, 2018 |
|
Payment date |
June 10, 2018 |
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