Enmar plans 1.2 Riyals annual payout by 2029

Enmar Investment and Real Estate Development Company has recommended to its Board of Directors the distribution of annual cash dividends ranging from 0.80 SAR for the year 2027, to 1.00 SAR for 2028, and 1.20 SAR for 2029. These dividends are to be distributed semiannually, contingent upon achieving good financial results, available cash flows, and distributable profits. The policy requires approval from the General Assembly of the shareholders, and the Board reserves the right to modify the distributions based on the company's financial situation and growth opportunities. The distributions are linked to the company achieving sufficient profits and cash flows, without any unconditional statutory obligation. The policy emphasizes that it is subject to review and adjustment in case of changes in strategy or financial position.

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