Cenomi Centers’ shareholders to vote on 3.75% cash dividends for Q1 2024 on June 30

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Arabian Centres Co. (Cenomi Centers) shareholders will vote on the board’s recommendation to distribute cash dividend at 3.75% of capital (SAR 0.375 per share) for Q1 2024, during an ordinary general assembly meeting, scheduled to be held on June 30, the company said in a statement to Tadawul.

Dividend Details (Q1 2024)

Capital

SAR 4.75 billion

Number of Shares

475 mln

Total Dividend

SAR 178.13 mln

Percentage of Capital

3.75% (SAR 0.375 per share)

Record Date

To shareholders of record by the end of trading on the OGM date, and those registered with the Securities Depository Center Co. (Edaa) on the second trading day after the record date.

Payment Date

To be announced later

Shareholders will also vote on authorizing the board of directors to distribute interim dividend on a quarterly or semi-annual basis for 2024 and Q1 2025.

Other agenda items include voting on the company’s dividend distribution policy for one year starting from Q2 2024, which was endorsed by the company last March.