Almuneef board proposes 25% cash dividends for 2024

21/04/2025 Argaam
Logo ofAlmuneef Company for Trade, Industry, Agriculture and Contracting

Logo of Almuneef Company for Trade, Industry, Agriculture and Contracting

Almuneef Company for Trade, Industry, Agriculture and Contracting’s board of directors recommended, in its meeting held on April 20, the payment of a cash dividend at 25% of capital, or SAR 0.25 a share, for 2024, according to a statement to Tadawul.

 

Details

Current Capital

SAR 38 mln

Number of Shares

38 mln

Total Dividends

SAR 9.5 mln

Percentage of Capital

25% (SAR 0.25 a share)

Record Date

Shareholders of record on general assembly day and those registered with Edaa on the second trading day following the general meeting, the date for which will be announced.

Payment Date

To be determined later

 

In a separate statement to Tadawul, Almuneef said the board recommended transferring the statutory reserve balance—amounting to SAR 4.11 million as per the financial statements for 2024—to the retained earnings account.

 

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