The shareholders of Al-Andalus Real Estate approved at the company’s general meeting yesterday, Sunday, the recommendation of the Board of Directors to distribute 10% cash dividends for the year 2018 equivalent to 70 million riyals.

The company said in a statement to the Saudi market that the distributed profits include 35 million riyals of last year's profits, and another 35 million riyals distributed from the gains realized from the offering of 31.27% of the fund Al-Ahly Rhett 1.

The company’s general assembly also agreed to exchange an amount of 801.9 thousand riyals in remuneration for members of the board of directors for the past fiscal year ending on December 31, 2018.

The profits of Al-Andalus decreased last year by 59.5%, to reach 47.97 million riyals, compared to 118.39 million riyals in 2017 profits.

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