Dar Al-Arkan Real Estate Development Co.’s general assembly approved a 5 percent cash dividend for the fiscal year 2017, at SAR 0.5 per share, amounting to SAR 540 million.

 

Shareholders have also delegated the board of directors to distribute semi-annual or quarterly cash dividend for the fiscal year 2018 in accordance with the company’s financial position, cash flows and strategic plans.

 

The real estate developer hasn’t distributed cash dividend since 2009, according to data available on Argaam.

 

Dividend Details (FY 2017)

Current Capital

SAR 10.8 bln

Number of shares

1.08 bln

Dividend

SAR 540 mln

Percentage of capital

5% (SAR 0.5 per share)

Record date

May 15, 2017

Payment date

To be determined

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