The Learning Academy Company announced the recommendation of the Board of Directors to distribute cash dividends to shareholders of two riyals instead of 1.5 riyals for the second half of the fiscal year 2022.
The “Learning Academy” said in a statement on “Tadawul Saudi Arabia”, today, Tuesday, that the total amount distributed is 12 million riyals, for the number of shares entitled to profits, 6 million shares.
She added that the share of the share from the distribution is two riyals, with a distribution ratio to the nominal share value of 20%.
The Learning Academy stated that it distributed net cash profits of 9 million riyals for the first half of the fiscal year 2022 AD, at a rate of 1.5 riyals per share, representing 15% of the nominal value of the share, to shareholders registered in the bank’s records with the Securities Depository Center Company (Edaa) at the end of the second Trading day following the due date corresponding to September 8, 2022.
She added that, thus, the total net profits distributed amounted to 21 million riyals for the fiscal year ending on December 31, 2022 AD, at 3.5 riyals per share, which represents 35% of the nominal value of the share.