Alwasail board proposes 5% cash dividend for 2021

14/03/2022 Argaam
Logo ofAlwasail Industrial Co.

Logo of Alwasail Industrial Co.

Alwasail Industrial Co.’s board of directors recommended, on March 13, paying a cash dividend at 5% of capital or SAR 0.5 a share for 2021, according to a bourse filing.

 

Cash Payment Details

Current Capital

SAR 250 mln

Number of Shares

25 mln

Total Dividend

SAR 12.5 mln

Percentage of Capital

5% (SAR 0.50 a share)

Record Date

Shareholders of record on the date of the general meeting, which will be determined later

Payment Date

Within a month from the date of the company’s general meeting, which will be determined later
 

This is the first time in which the company pays dividend since it has listed its shares on the Nomu Parallel Market on Jan. 18, 2022.

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