The Ordinary General Assembly of Ataa Educational Company approved the recommendation of the Board of Directors to distribute profits amounting to 42.087 million riyals for the fiscal year ending on July 31, 2022.
According to Arabiya Net, the company said in a statement that the share of the share from the distribution is riyals per share, at 10% of the paid-up capital.
The eligibility shall be for shareholders who own shares at the end of trading on the day of the General Assembly meeting and who are registered in the company’s shareholder register with the Securities Depository Center Company (Depository Center) at the end of the second trading day following the due date, and the date of dividend disbursement will also be determined later.
The shareholders approved the report of the Board of Directors and the financial statements for the year ending July 31, 2022.
Ataa Educational Company had previously announced the renewal of a Sharia-compliant banking facilities agreement with the National Bank of Saudi Arabia, at a value of 50 million riyals for a period of one year, as financing was obtained on Wednesday, January 18, 2023.
