Amlak International for Real Estate Finance Co.’s board of directors recommended on July 7 a 7.5% cash dividend, or SAR 0.75 per share, for the fiscal year 2019, totaling SAR 67.9 million.

 

Dividend Details (FY 2019)

Current Capital

SAR 906 mln

Number of shares

90.6 mln

H1 2020 Dividend

SAR 67.95 mln

Percentage of capital

7.5% (SAR 0.75 per share)

Record date

By the close of trading on the general meeting date (which will be announced later on) for shareholders registered in Edaa at the close of trading on the second trading day following general meeting date.

Payment date

To be announced later

 

Amlak International started trading today, July 13, on the Saudi Stock Exchange (Tadawul) under the symbol 1182 in the diversified financials industry group, with a 10% daily price fluctuation limit per share. 

 

The company floated 27.18 million shares, or 30% of its share capital. It allocated 90% of total shares on offer for institutional investors, with the remaining 10%, or a maximum of 2.72 million shares, will be offered to retail investors.

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