"Riyadh Development" will distribute 116 million riyals for the second half of 2020

The board of directors of Arriyadh Development Company recommended distributing cash dividends to the shareholders of the company for the second half of 2020, at 65 halalas per share.

The company said in a statement to the Saudi market (Tadawul), today, Thursday, that the value of distributions is estimated at 115.56 million riyals, to be distributed to 177.78 million shares.

and indicated that the eligibility of profits is for the shareholders of the company who own the shares at the end of trading on the day of the next general assembly who are registered in the company’s records, at the end of the second trading day following the date of the assembly, which will be later. It will be held later.

She also noted that the distribution date will be announced at a later time.

and the company noted that 50 halalas per share were distributed for the first half of 2020, so that the total of what was distributed for the year 2020 is 1.15 riyals per share.

The company announced, yesterday, Wednesday, that net profits rose 59.48% in 2020, to 227.9 million riyals, compared to the year 2019 profits of 142.9 million riyals.