Kingdom Holding Approves SAR 1.04 Billion Dividend Distribution
KINGDOM 4280.SA | 0.00 |
Kingdom Holding Company announced results from its Ordinary General Assembly Meeting held on May 11, 2026, with 96.21% shareholder attendance via modern technology from Riyadh. The meeting, released on May 12, 2026, approved key resolutions including the appointment of Deloitte & Touche & Co. as external auditor for total fees of SAR 4,785,000 excluding VAT, and remuneration of SAR 600,000 for independent board directors. Shareholders approved quarterly cash dividend distributions totaling SAR 1,037.6 million (SAR 0.28 per share) throughout 2026, representing 2.8% of nominal share value with payments of SAR 259.4 million per quarter. The assembly also approved strategic transactions including a SAR 255,000,000 acquisition of a stake in Breakthrough Energy Ventures, LLC and the company's acquisition of 70% shares in Al Hilal Club Company from the Public Investment Fund.
Original announcement:
https://www.saudiexchange.sa/wps/portal/saudiexchange/newsandreports/issuer-news/issuer-announcements/issuer-announcements-details/?anId=95296&anCat=1&cs=4280&locale=arImportant 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.
