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Enmar plans 1.2 Riyals per share payout
The Board of Directors of Enmar Investment and Real Estate Development has recommended the distribution of expected cash dividends totaling up to 1.2 riyals per share over three years, for the fiscal years 2027, 2028, and 2029. The policy targets a distribution of 0.80 riyals per share in 2027, 1.00 riyals in 2028, and 1.20 riyals in 2029, with the possibility of quarterly or semi-annual payments based on financial results, cash flows, and distributable profits. The company applies flexible guidelines, whereby the Board retains the right to adjust distributions according to the financial position and funding needs, subject to approval by the general assemblies.
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