Sahl Finance Company Approves 5% Cash Dividend Payment for Shareholders
Meeting Approval
The regular general meeting of Sahl Finance Company at its meeting yesterday, Wednesday, June 21, 2023, approved the payment of cash dividends to shareholders in the amount of 5% of capital, which is equivalent to 0.5 rials per share, for 2022.
Distribution Details
The company\’s statement to Tadawul Saudi Arabia today, Thursday, said the total distribution amount is 50 million riyals and the distribution will take place on July 13, 2023, provided that shareholders owning the shares are eligible. at the end of trading on the day of the General Meeting and registered in the register of shareholders of the company in the depository center At the end of the second trading day following the date of redemption.
As per the official statement released by Sahl Finance Company, the company’s regular general meeting held on Wednesday, June 21, 2023, has approved the payment of cash dividends to its shareholders. The dividend payment amounts to 5% of capital, which is equivalent to 0.5 rials per share, for the year 2022.
The total distribution amount for the cash dividend stands at 50 million riyals. The distribution process is scheduled to take place on July 13, 2023, subject to the shareholders owning the shares being eligible. The eligibility criteria require the shareholders to hold the shares at the end of trading on the day of the general meeting and be registered in the register of shareholders of the company in the depository center at the end of the second trading day following the date of redemption.
This dividend declaration is expected to boost shareholders’ confidence and increase their trust in the company’s financial strength and growth prospects.
