Riyadh - Mubasher: Consolidated Grünenfelder Saady Holding Company (CGS) disclosed that the proposed dividend represents 23.3% of the nominal value of the company's shares.
This distribution is calculated based on a total of 100 million eligible shares currently outstanding. The board’s recommendation marks a significant milestone in the company’s financial calendar for the 2026 fiscal year, highlighting its commitment to delivering value to its investor base following the conclusion of its annual financial cycle in March.
The eligibility for these dividends is strictly defined by the company’s regulatory filings. Shareholders who own the company's stock at the close of trading on the day of the upcoming General Assembly meeting will be entitled to the distribution.
Furthermore, the eligibility extends to those registered in the company’s share registry at the Securities Depository Center Company (Edaa) by the end of the second trading day following the date of the General Assembly.
The specific date for the General Assembly meeting, where shareholders will vote on the board's recommendation, has not yet been determined and will be announced through official channels at a later time.
In accordance with standard Saudi capital market procedures, the actual distribution date of the funds will be confirmed only after the General Assembly has granted its formal approval of the board’s proposal. The company has clarified that there are no objections or specific requirements from other official authorities regarding this recommendation at this stage.
By setting the dividend at SAR 23.30 million, the company aims to maintain a structured return policy for its 100 million shares. Investors are advised to monitor future announcements regarding the scheduling of the General Assembly to ensure they meet the ownership requirements for the dividend payout.
The proposed dividend remains subject to the standard regulatory oversight and shareholder ratification processes typical for companies listed on the Tadawul.
