Al Rashed Approves SAR 37.2M Cash Dividend Distribution

SALEH ALRASHED

SALEH ALRASHED

1324.SA

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On May 12, 2026, Saleh Abdulaziz Al Rashed and Sons Co. announced results from its Extraordinary General Assembly meeting held on May 11, 2026, in Riyadh via modern technology with 68.12% shareholder attendance. The assembly approved cash dividends of 37.2 million Saudi Riyals (2 Riyals per share, representing 20% of nominal value) for the financial year ended December 31, 2025, with distribution beginning within 15 working days from the eligibility date. Key approvals included appointing Maham Professional Consulting Company as auditor for 2026-2027, authorizing interim dividend distributions for 2026, and extensive amendments to company bylaws related to its transformation into a public joint-stock company. The meeting also approved related-party transactions with Najd Roads Contracting Company totaling approximately 191.5 million Saudi Riyals, involving building materials purchases and petroleum derivatives supply agreements.

Original announcement:

https://www.saudiexchange.sa/wps/portal/saudiexchange/newsandreports/issuer-news/issuer-announcements/issuer-announcements-details/?anId=95303&anCat=1&cs=1324&locale=ar

Important Notice: The announcement information and market data in this report are sourced directly from the Saudi Exchange (Tadawul). This summary is generated by Sahm’s proprietary AI model for informational purposes only. While we strive for accuracy, it should not be construed as financial advice or an investment recommendation.