13 Hrs
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الاقتصادية
Al-Tameer distributes 58.5M riyals and suggests buying 5 percent
Saudi Riyad Developments Company announced a cash dividend distribution of 58.5 million Saudi riyals for the first half of 2026, at a rate of 0.25 riyals per share, equivalent to 2.5% of the nominal value, distributed over 233.9 million shares. This aligns with its strategy to balance dividend distribution with sustainable growth. The company also recommended purchasing up to 11.7 million of its own shares, representing 5% of the total shares, to be held as treasury shares, aiming to enhance shareholder returns and capitalize on growth opportunities in ongoing projects. The buyback will be funded from internal resources and is subject to approval by the general assembly, with the purchased shares not granting voting rights.
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