The Saudi Tadawul Group Holding Company announced the recommendation of the Board of Directors to distribute cash dividends to shareholders for the fiscal year 2022, with a total of about 277.13 million riyals, for the number of shares entitled to dividends, 120 million shares.
Today, Sunday, the “Saudi Tadawul” stated that the share of the share from the distribution amounts to 2.31 riyals, with a distribution ratio to the nominal share value of 23.1%.
The eligibility for dividends will be for the shareholders who own the company’s shares at the end of the second trading day following the day of the company’s general assembly meeting, which will be announced later, and who are registered in the company’s shareholder register with the Securities Depository Center Company “Edaa”.
The distribution date will be announced later.
Today, Sunday, the annual financial results of the Saudi Tadawul Group Holding Company showed a decrease in its net profits by 27.75% in 2022, to about 424.6 million riyals after zakat and tax, compared to about 587.7 million riyals in 2021.