The Board of Directors of the Grand Factories Mining Company, AMAC, recommended distributing cash dividends of 38.84 million riyals to 64.74 million shares for the third quarter of 2022.
AMAC stated in a statement that the distribution ratio to the nominal share value is 6%, as the share of cash dividends is 0.60 riyals for the third quarter of 2022.
AMAC added that the eligibility for cash dividends for the third quarter of 2022 will be for the shareholders who own shares at the end of trading on Monday, November 21, 2022, and who are registered in the company's shareholders register at the Securities Depository Center (Edaa) at the end of the second trading day following the due date.
It is worth noting that AMAC obtained a license to prospect for gold and silver, in the Riyadh region of Al-Dawadmi Governorate.
AMAC said that the license allows it to detect gold and silver in a total area of 82.84 square kilometers, and that the duration of the license is 5 years.
The company will carry out the necessary studies and exploratory work on the sites during the specified period to ensure the availability of the required raw materials.
