Fad Al -Alamia Board recommends the distribution of cash dividends for 2024

Today, the Board of Directors of Fad International Company recommended distributing cash dividends to shareholders for the fiscal year ending 12/31/2024.
The company said in a statement on Saudi Arabia’s circulation: The total amount distributed is 6 million riyals, while the number of shares due for profits is 1.2 million shares.
She added that the share share of the distribution is 5 riyals, while the distribution rate to the nominal share value is 50%.
She explained that after the general assembly approval of this recommendation, the eligibility for the company’s shareholders, owners of shares, will be the end of the trading day of the company’s general assembly and the company’s regists at the company’s records at the Securities Depository Center Company (deposit) at the end of the second trading day that follows the date of the General Assembly, which will be announced on the date of its convening later after obtaining the necessary official approvals.
She noted the announcement of the date of the distribution later.