Alandalus Property to vote on FY 2018 dividend on April 28

07/04/2019 Argaam

Alandalus Property Co.’s shareholders are set to vote on a 10 percent cash dividend for the fiscal year 2018, during the general assembly meeting that will be held o April 28, 2019.

 

The dividend which amounts to SAR 70 million will be equally paid from earnings of 2018 and gains recognized on Al Ahli REIT (1) Fund’s IPO.

 

Dividend Details (FY 2018)

Current Capital

SAR 700 mln

Number of shares

70 mln

Dividend

SAR 70 mln (SAR 35 mln to paid from gains on Al Ahli REIT (1) Fund’s IPO)

Percentage of capital

10% (SAR 1 per share)

Record date

April 28, 2019

Payment date

To be determined

 

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