Al Hammadi Holding Co.’s shareholders approved the company’s dividend distribution policy over the next four years, starting from Q3 2025, during an extraordinary general meeting (EGM).
Under the policy, Al Hammadi is committed to distributing at least 60% of its net profits on a quarterly basis over the four-year period.
In a statement to Tadawul, the company said the dividend policy is subject to change based on several factors.
These factors include any material changes in the company’s strategy and business operations (including the commercial environment in which it operates), as well as applicable laws, regulations, and sector rules to which the company is subject.
They also include any obligations or undertakings to banks, financing institutions, or credit rating agencies that may be binding on the company from time to time.
Shareholders also approved authorizing the board of directors to distribute interim dividends on a semi-annual or quarterly basis for 2026.
Al Hammadi Holding Co.’s shareholders approved the company’s dividend distribution policy over the next four years, starting from Q3 2025, during an extraordinary general meeting (EGM).
Under the policy, Al Hammadi is committed to distributing at least 60% of its net profits on a quarterly basis over the four-year period.
In a statement to Tadawul, the company said the dividend policy is subject to change based on several factors.
These factors include any material changes in the company’s strategy and business operations (including the commercial environment in which it operates), as well as applicable laws, regulations, and sector rules to which the company is subject.
They also include any obligations or undertakings to banks, financing institutions, or credit rating agencies that may be binding on the company from time to time.
Shareholders also approved authorizing the board of directors to distribute interim dividends on a semi-annual or quarterly basis for 2026.
