Alshehili board recommends 20% cash dividend for 2024

09:19 AM (Mecca time) Argaam- Nomu
Logo ofAlshehili Metal Industries Co.

Logo of Alshehili Metal Industries Co.

Alshehili Metal Industries Co.’s said its board recommended distributing cash dividends at 20% of capital, or SAR 2 a share, for 2024, during its meeting held on Nov. 18, according to a statement to Tadawul.

 

Cash Dividend Details (2024)

Current Capital

SAR 25 mln

Number of Shares*

2.5 mln

Total Dividends

SAR 5 mln

Percentage of Capital

20% (SAR 2 a share)

Record Date

For shareholders of record at the end of the trading day on which the general assembly is held, and those registered in the company’s records at Edaa at the end of the second trading day following the general assembly’s date of which will be announced later

Payment Date

TBD
 

According to data available with Argaam, this marks the first distribution by Alshehili since its listing on the Nomu-Parallel Market earlier this year.

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