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الاقتصادية
Al-Tameer Distributes 58.5M Riyals and Recommends 5% Share Purchase
The Saudi Riyadh Development Company announced a cash dividend distribution of 58.5 million SAR for the first half of 2026, at a rate of 0.25 SAR per share. The dividend will be payable on October 4, 2026, with distribution to be made on October 22 via direct transfer to shareholders' accounts. Additionally, the company recommended purchasing up to 11.7 million of its own shares, representing 5% of the total shares, believing that the current share price is below its fair value. The aim is to enhance overall returns for shareholders and benefit from growth opportunities in its existing projects, financed from internal resources. These measures are part of its strategy to balance dividend distribution with sustainable growth.
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