The Extraordinary General Assembly approved, on Tuesday, the Board of Directors’ recommendation to distribute cash dividends for the fiscal year 2021, at one riyal per share
In the amount of one billion riyals, equivalent to 10% of the capital.
According to Arabiya Net, Almarai said in a statement on the Saudi Tadawul, today, Wednesday, that the eligibility is for the shareholders who own shares on the day of the assembly meeting and who are registered in the company’s shareholder register at a deposit center at the end of the second trading day following the due date.
Distribution of profits and transferring them to bank accounts linked to the portfolios of eligible shareholders will start as of April 20, 2022.
The shareholders agreed to buy the company up to 10 million shares of its shares and allocate them to the company’s employees within the employee stock program, provided that the purchase is financed from the company’s own resources, and authorizing the board of directors to complete the purchase process in one or several stages within a maximum period of 12 months from the date of the purchase. The decision of the extraordinary general assembly, authorizing the board of directors to determine the conditions of this program, including the allotment price for each share offered to the employees if it is for a fee
