Al Majd Square’s profits will rise to 20.6 million riyals in 2025
Sahat Al Majd Trading Company’s profits in 2025 increased slightly by 0.1% to 20.6 million riyals, compared to 20.5 million riyals in 2024.
According to the company’s statement on the website "Saudi Arabia trading"The reason for the increase in net profit during the current period is the result of revenue growth and improved operational performance of the company, driven by the expansion of the opening of new branches and points of sale, despite the increase in operating expenses.
The Board of Directors recommended distributing cash dividends to shareholders for the fiscal year ending on 12/31/2025 AD.
The company said: The total amount distributed is estimated at 5.9 million riyals, while the share of the distribution is 15 halalas.
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She added that after the General Assembly approves this recommendation, the entitlement to dividends will go to the company’s shareholders who own the shares at the end of trading on the day of the company’s General Assembly and who are registered in the company’s records with the Securities Depository Center Company (Edaa) at the end of the second trading day following the date of the General Assembly, the date of which will be announced later after obtaining the necessary official approvals, while the distribution date will be determined later.
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