Al Rashid Industrial OKs 12.5% cash dividends for 2024

03/06/2025 Argaam
Logo ofAl Rashid Industrial Co.

Logo of Al Rashid Industrial Co.

Al Rashid Industrial Co.’s shareholders approved the board recommendation to distribute cash dividends at 12.5% of capital, or SAR 1.25 a share for 2024.

 

The decision came during the extraordinary general meeting (EGM) held on June 2, according to a statement to Tadawul.

 

Dividend Details (2024)

Current Capital

SAR 80 mln

Number of Shares

8 mln

Total Dividends

SAR 10 mln

Percentage of Dividends

12.5% (SAR 1.25 a share)

Record Date

June 2, 2025 (shareholders of record who are registered with Edaa at the end of the second trading day following the record date)

Payment Date

June 18, 2025
 

Shareholders also approved authorizing the board to distribute interim dividends semi-annually and annually.

 

Shareholders further ratified the transfer of the statutory reserve amounting to SAR 11.66 million, as of Dec. 31, 2024, to retained earnings, the statement added.

 

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