AMAK shareholders authorize board to distribute interim dividends for 2025

11/05/2025 Argaam
One of AMAK facilities

One of AMAK facilities

Almasane Alkobra Mining Co.’s (AMAK) shareholders approved, during the ordinary general meeting (OGM) held on May 8, to authorize the board of directors to pay interim dividends to shareholders on a semi-annual or quarterly basis for 2025.

 

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According to a statement to Tadawul, shareholders also approved the appointment of Ernst & Young & Co. (E&Y) as the company’s external auditor, among the nominees based on the recommendation of the Audit Committee, to review and audit the company’s financial statements for Q2, Q3, and the annual financial statements of 2025, as well as Q1 2026, with total fees amounting to SAR 531,000.

 

Shareholders further approved the disbursement of SAR 3.8 million as remuneration to the board members for 2024.

 

According to data available on Argaam, AMAK distributed 20.8% cash dividend, or SAR 2.08 per share, for 2024.

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