The shareholders of the Arab Technical Contracting Company, during the extraordinary general assembly meeting, on Tuesday, approved the Board of Directors’ recommendation to distribute cash dividends to shareholders for the fiscal year 2021, with a total amount of 92.5 million riyals.
The company said in a statement on “Saudi Tadawul”, today, Wednesday, that the share’s share of the distribution is 1.86 riyals, or 18.6% of the nominal value of the share.
The eligibility for profits is for the shareholders who own shares at the end of trading on the day of the company’s general assembly and who are registered in the company’s shareholders register with the Securities Depository Center Company at the end of the second trading day following the due date.
Dividend distribution begins on Thursday, May 19, 2022.
During the meeting, the shareholders approved the financial statements, the external auditor’s report and the Board of Directors’ report for the fiscal year 2021.
The financial results of the Arab Technical Contracting Company showed an increase in net profits after zakat and tax, by 718.44% to about 206.3 million riyals in 2021, compared to profits of 25.2 million riyals in 2020.