Almajed Oud board proposes 40% dividend for 2024

07/05/2025 Argaam

The board of Almajed Oud Co. recommended on March 5 the payment of a cash dividend at 40%, or SAR 4 per share, for 2024, payable on May 22, according to a statement to Tadawul.

 

Dividend Details (2024)

Current Capital

SAR 250 mln

Number of Shares

25 mln

Dividend

SAR 100 mln

Percentage of Capital

40% (SAR 4 per share)

Record Date

Shareholders registered with Edaa by the close of the second trading day following the general assembly meeting

Payment Date

May 22, 2025
 

According to data available on Argaam, this will be the first dividend issued by Almajed Oud since its listing on the Main Market (TASI) in October 2024.

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