Saudi news

Fitaihi Holding recommends distributing 4% cash dividends for the year 2022

The Fitaihi Holding Group Company announced the recommendation of the Board of Directors to distribute cash dividends to shareholders for the fiscal year 2022 AD, from the balance of retained earnings, at a rate of 4%.

The company said in a statement on “Tadawul Saudi Arabia”, today, Sunday, that the number of shares eligible for dividends amounts to 27.5 million shares, with a total value of 11 million riyals, at 40 halalas per share.

She added that the eligibility is for the company’s shareholders who own shares at the end of trading on the day of the company’s general assembly (which will be determined later after obtaining the necessary regulatory approvals) and who are registered in the company’s shareholder register at the Depository Center at the end of the second trading day following the date of the general assembly.

She explained that the date of the dividend payment will be announced later.

She indicated that the profits will be distributed through direct transfer to bank accounts in local banks linked to the shareholders’ investment portfolios.

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