Riyadh Development Company announces the distribution of cash dividend for second half 2022
MAR 21, 2023
Riyadh Development Company announces the distribution of cash dividend for second half 2022
MAR 21, 2023
Riyadh Development Company announces the distribution of cash dividend for second half 2022
The Board of Directors of Riyadh Development Company, in its meeting held on Tuesday 29 Shaaban 1444 AH corresponding to March 21, 2023, recommended distributing cash dividends of SAR 0.25 / share to its shareholders for the second half of 2022 in line with the company’s strategy that targets to balance between dividend distribution and sustainable growth.
Percentage of Dividend to the Share Par Value (%)
% 2.5
Dividend per share
25 halalas
Number of Shares Eligible for Dividends
177,777,777 shares
The Total amount distributed
44,444,444.25 SAR
Date of the Board’s decision
1444-08-29
Corresponding to
21-03-2023
1444-08-29 Corresponding to
2023-03-21
Eligibility date
The eligibility of dividend for the company’s shareholders who own shares at the end of trading on the day of the next general assembly and who are registered in the company’s records with the Securities Depository Center Company at the end of the second trading day following the date of the assembly. The assembly date will be announced later.
Distribution Date
To be announced later
Additional Information
The distribution will be through direct transfer to the bank accounts linked to investment portfolios of the shareholders. The company calls upon the shareholders to update their data with the banks with which their accounts are held, to ensure direct deposit of their profits due in the future.
The Capital Market Authority and Saudi Exchange take no responsibility for the contents of this disclosure, make no representations as to its accuracy or completeness, and expressly disclaim any liability whatsoever for any loss arising from, or incurred in reliance upon, any part of this disclosure, and the issuer accepts full responsibility for the accuracy of the information contained in it and confirms, having made all reasonable enquiries, that to the best of their knowledge and belief, there are no other facts or information the omission of which would make the disclosure misleading, incomplete or inaccurate
CEO and Managing Director at Baysan Real Estate Company
He holds a Bachelor's degree in Financial Management from Prince Mohammad bin Fahd University, obtained in 2018, in addition to completing several courses and workshops that enhanced his skills and specialization in the field.
Mr. Abdulrahman bin Ayedh Al-Qahtani's membership began on 24-12-2022
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people3-ENG-Mr. Fahad Abdullah AlKassim
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Mr. Fahad Abdullah AlKassim
Board Member
Fahad Abdullah Abdulaziz Al Kassim's distinguished career spans more than three decades, during which he has excelled in a series of senior roles encompassing financial, administrative, and auditing consultancy in the healthcare, retail, and real estate sectors. Mr. Al Kassim holds a Bachelor of Science Degree in Management from King Saud University, and has completed the prestigious Advanced Management and Leadership Program at Oxford University.
He currently serves on the board of directors of Savola Group,
Jarir Marketing Company: Member of the Board's Audit, Nominations and Remunerations, and Governance Committees.
Board of Directors of Dr. Mohammed Rashid Al-Faqih & Partners Company: Member of the Board's Executive Committee.
Board memberships in each of the following: Fincorp Financial Consulting Company, Al Rajhi United Holding Company, Mohamed Abdulaziz AlHabib & Sons Holding Company, Areez Investment Limited, Baseqat Alkhaleej Company, and Jarir Investments Company.
Board memberships in each of the following: Fincorp Financial Consulting Company, Al Rajhi United Holding Company, Mohamed Abdulaziz AlHabib & Sons Holding Company, Areez Investment Limited, Baseqat Alkhaleej Company, and Jarir Investments Company.
Al Argan Company: Member of the Board's Nominations and Remunerations Committee.
Abdullah Ibrahim Mohammed Al-Subeaeie Holding Company (AIMS): Member of the Board's Investment Committee.
Dur Hospitality Company: Member of the Board's Investment Committee.
The Savola Group: Chairman of the Board's Audit, Investment, and Corporate Social Responsibility Committees.
Dallah Health Services Company: Member of the Board's Audit Committee.