Saudi Top Trading board recommends SAR 12/share cash dividend for 2022

Saudi Top Trading Co. headquarters

Saudi Top Trading Co.’s board of directors recommended on Dec. 8, a 120% cash dividend, or SAR 12 per share, for 2022, payable to public shareholders excluding Abdullah AlAjmi who waived his profit for 2022, the company said in a statement to Tadawul.

 

Dividend Details (2022)

Current capital

SAR 40 mln

Number of shares

4 mln

Eligible Shares

1.2 mln

Total dividend

SAR 14.4 mln

Percentage of capital*

120% (SAR 12 per share)

Record date

Shareholders registered with Edaa by the close of the second trading day following the general assembly meeting date, which will be announced later. Also, shareholders at the end of trading on the general assembly date.

Payment date

To be announced later

 

According to data complied by Argaam, Saudi Top Trading announced, prior to its listing in Nomu Parallel-Market, a cash dividend at SAR 12 per share for 2022, payable to public shareholders in full directly after the company’s listing.

 

The company also stated that it will pay a semi-annual dividend at SAR 12 per share for 2023 and 2024 each to public shareholders.

 

Meanwhile, shareholder Abdullah AlAjmi (who owns 70% of the company’s capital) waived his profit for 2022, 2023 and 2024.

 

AlAjmi, moreover, announced his commitment not to dispose of his shares for a period of three years, starting as of the date of the company registration in Nomu Parallel -Market

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