Riyadh – Mubasher: Khaled Dhafer & Brothers for Logistics Services Company (KDL Logistics) has announced that its shareholders approved a cash dividend distribution for the 2025 fiscal year as well as the adoption of a new long-term dividend policy, according to a bourse filing.
Upon the conclusion of the fourth Extraordinary General Assembly Meeting on 17 June 2026, the investors also agreed to the authorization for the Board of Directors to distribute interim dividends for the 2026 fiscal year.
This was in addition to the ratification of several structural amendments to the company’s bylaws and the appointment of external auditors.
A primary highlight of the assembly was the approval of the Board’s recommendation to distribute cash dividends for 2025. The total payout is set at SAR 591,154 that represents 1.70% percent of the company’s capital.
This equates to a distribution of SAR 0.17 per share. Eligibility for these dividends is restricted to shareholders owning stock at the close of trading on the day of the General Assembly, with registration confirmed in the Securities Depository Center (Edaa) records by the end of the second trading day following the eligibility date.
The company confirmed that the distribution process will commence on 5 July 2026.
In a move to provide greater clarity for future investor returns, shareholders approved a new formal dividend policy effective from the 2026 fiscal year.
Under this policy, the company aims to distribute 30% of its annual net profits to shareholders, subject to the company’s financial position and cash flow requirements.
The remaining 70% of profits will be retained to support growth, expansion, and the financing of operational and investment activities.
Furthermore, the Board of Directors received authorization to distribute interim dividends on a quarterly or semi-annual basis for the 2026 fiscal year.
The assembly also addressed several governance and administrative matters. Shareholders reviewed and discussed the Board of Directors’ report and the financial statements for the 2025 fiscal year.
Maham Professional Consulting was appointed as the company’s external auditor for the 2026 fiscal year, tasked with reviewing semi-annual and annual financial statements for a fee of SAR 275,000 excluding VAT.
Significant regulatory updates were also finalized, including amendments to the company’s bylaws. These changes affected articles related to the company’s name, objectives, share subscription, shareholder registers, and share trading.
The assembly also approved modifications to the internal regulations of the Audit Committee and the remuneration policy for board members, committee members, and senior executives.
For the 2025 fiscal year, a total remuneration of SAR 210,000 was approved for the Board of Directors.
