Real Investment profits decrease to 16.4 million riyals in 2024

The profits of Real Investment and Development Company in 2024 decreased by 10.2% to 16.4 million riyals, compared to 18.2 million riyals in 2023.
According to the company’s statement on Saudi Arabia’s circulation, the reason for the decline is due to the high costs of financing, which amounted to 23.2 million riyals as a result of the increase in borrowing and obligations related to rental contracts.
The decrease in other revenues by 2.5 million riyals contributed to a decrease in the total profitability.
The Board of Directors recommended distributing cash dividends to shareholders for the fiscal year 2024 AD.
The total amount distributed is estimated at 4 million riyals, while the number of shares due for profits is 8 million shares.
The share share of the distribution is 0.5 riyals, while the distribution rate to the nominal share value is 5%.
The detention distributions of the shareholders will be owned by the company’s shares at the end of the day specified for the entitlement on the day of the company’s general assembly (which will be announced later), and those who are registered in the company’s shareholders’ record at the Securities Depository Center Company (deposit), and the date of the distribution will be announced later.