AI Summary
Alshehili shareholders also authorized the board to distribute interim dividends for 2026
Alshehili Metal Industries Co.’s shareholders approved during an extraordinary general meeting on Jan. 11 the board recommendation to distribute a cash dividend at 20% of capital for 2024, or SAR 2 per share, according to a statement to Tadawul.
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Cash Dividend Details (2024) |
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Current Capital |
SAR 25 mln |
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Number of Shares* |
2.5 mln |
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Total Dividends |
SAR 5 mln |
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Percentage of Capital |
20% (SAR 2 a share) |
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Record Date |
Jan. 11, 2026, shareholders of record and those registered with Edaa on the second trading day following the record date |
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Payment Date |
Within 15 days from the record date |
In addition, shareholders approved authorizing the board of directors to distribute interim dividends semi-annually or quarterly for the year ending Dec. 31, 2026.
Shareholders further approved the board’s recommendation to redefine the use of the total IPO proceeds of SAR 40 million, as disclosed in the prospectus published on Jan. 28, 2025, to be utilized in accordance with the details set out in the attached statement.
It was noted that the proceeds will not be used for purposes other than the expansion plan outlined in the IPO proceeds report. The timelines for the utilization of the IPO proceeds will also be updated.
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