22.8600
Change
0.4000
Change %
1.7809%
Open
22.4600
Close
22.4000
High
22.9000
Low
22.4400

Arriyadh Development board recommends capital raise, dividend for H2

2019-02-24 12:12:15 GMT (Economies.com)
 

The board of directors of Arriyadh Development Company recommended the distribution of cash dividends for the second half of 2018 at SAR 106.7 million, or 8% of stock par value (80 halala per share), according to a statement to Tadawul.

 

Meanwhile, the company’s board of directors recommended an increase in capital by 33.33% to SAR 1.777 billion, from SAR 1.333 billion, through capitalizing SAR 200 million from retained earnings and SAR 244.4 million from statutory reserve.

 

The company earlier distributed cash dividends for H1-18 at SAR 66.7 million, or 5% of stock par value (50 halala per share).

 

FY18 net profits after Zakat and tax went down to SAR 203.9 million, from SAR 222.3 million in FY17.

 

Meanwhile, the company posted a 4.05% drop in net profits during the first nine months of 2018 to SAR 130 million, versus SAR 135.5 million in the year-ago period.

 
 
 
  Symbol Last Change Chg.%
1.2054
0.0028
0.2362%
1.3884
-0.0069
0.4938%
Tadawul
10127.90
18.31
0.18%
26.023
0.232
0.899%
61.739
-1.439
2.278%
65.77
0.37
0.57%
1782.260
10.810
0.610%
 
 
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