Riyadh Development Approves SAR 58.5M Dividend Distribution

ARDCO

ARDCO

4150.SA

0.00

Riyadh Development Company announced on May 14, 2026 the results of its Ordinary General Assembly Meeting held on May 13, 2026, with 46.31% shareholder attendance. The meeting approved key resolutions including the appointment of Ernst & Young as auditors for 2026-2029 for SAR 4,425,000, payment of SAR 1,800,000 in board remuneration for 2025, and distribution of cash dividends of SAR 0.25 per share for the second half of 2025, totaling SAR 58,482,704.50, payable on June 1, 2026. The assembly also approved various related-party transactions totaling SAR 142,942,808 with associated companies and authorized the board to distribute interim dividends for fiscal year 2026.

Original announcement:

https://www.saudiexchange.sa/wps/portal/saudiexchange/newsandreports/issuer-news/issuer-announcements/issuer-announcements-details/?anId=95382&anCat=1&cs=4150&locale=ar

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