Al-Asel to pay 44M Riyals in dividends
Thob Al Aseel Company announced the distribution of cash dividends amounting to 44 million Riyals for the first half of 2026, on 400 million shares, at a rate of 0.11 Riyals per share, which is equivalent to 11% of its nominal value. The dividends are allocated to shareholders who owned the shares until the end of trading on August 6, and they will be paid within 15 working days from that date. The company emphasized the importance of updating shareholders' banking information to ensure quick dividend disbursement, along with a 5% withholding tax applied to non-resident foreign investors upon transfer of the dividends.
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