Fad shareholders approve 50% dividend for 2024

19/05/2025 Argaam
Logo ofFad International Co.

Logo of Fad International Co. 

Shareholders of Fad International Co. approved the board’s recommendation to distribute cash dividends at 50% of capital, or SAR 5 a share, for 2024, during the ordinary general meeting (OGM) held on May 18, according to a statement to Tadawul.

 

Dividend Details (2024)

Current Capital

SAR 12 mln

Number of Shares

1.2 mln

Total Dividends

SAR 6 mln

Percentage of Dividends

50% (SAR 5 a share)

Record Date

May 18, 2025, shareholders of record and those registered with Edaa on the second trading day following the record date.

Date of Payment

May 28, 2025

 

Shareholders further approved other agenda items, including electing new board members for the upcoming four-year session starting May 26, 2025. These members are Tala Mashat, Ayman Jamal, Nafez Al Morhabi, Eyad Abdullah Mashat and Mohammed Moumena, the statement added.

 

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