Alandalus Property plans 20% dividend for FY17

01/04/2018 Argaam

 

Alandalus Property Co.’s board of directors has recommended a 20 percent cash dividend for fiscal year 2017 at SAR 2 per share -- amounting to a total SAR 140 million.

 

Details of the dividend payout are indicated in the table below:

 

Dividend Details (FY 2017)

Current Capital

SAR 700 mln

Number of Shares

70 mln

Dividend

SAR 140 mln (Includes SAR 105 mln gains from the IPO of Alahli REIT Fund 1)

Percentage of Capital

20% (SAR 2 per share)

Record date

To be determined

Payment date

To be determined

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