‎Saudi Top Trading board recommends 120% cash dividend for 2022

‎Saudi Top Trading board recommends 120% cash dividend for 2022

Saudi Top Trading Co.’s board of directors recommended on Dec. 8, a 120% cash dividend, or SAR 12 per share, for 2022, payable to public shareholders excluding Abdullah AlAjmi who waived his profit for 2022, the company said in a statement to Tadawul.

According to data complied by Argaam, Saudi Top Trading announced, prior to its listing in Nomu Parallel-Market, a cash dividend at SAR 12 per share for 2022, payable to public shareholders in full directly after the company’s listing.

The company also stated that it will pay a semi-annual dividend at SAR 12 per share for 2023 and 2024 each to public shareholders.

Meanwhile, shareholder Abdullah AlAjmi (who owns 70% of the company’s capital) waived his profit for 2022, 2023 and 2024.

AlAjmi, moreover, announced his commitment not to dispose of his shares for a period of three years, starting as of the date of the company registration in Nomu Parallel -Market