Enmar plans 1.2 Riyals per share annually by 2029
Enmar Investment and Real Estate Development Company has recommended to its Board of Directors to adopt a dividend distribution policy of cash dividends ranging between 0.80 riyals and 1.20 riyals per share during the years 2027 to 2029, with a target of distributing 1.2 riyals per share by 2029. The dividends will depend on financial results and available cash flows, with the board having the right to distribute additional dividends or revise the policy based on the financial position and relevant regulations. The plan includes distributing dividends semi-annually after approval by the General Assembly, aiming to provide shareholders with a clear view of the targeted distributions during those years.
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