Maharah to distribute SAR 2.67/shr for three quarters

Riyadh – Mubasher: The board of directors of Maharah Human Resources Company approved to distribute cash dividends worth SAR 2.67 per share to shareholders for the fourth quarter of 2018, as well as the first and second quarters of 2019.

The dividends are valued at SAR 100 million, representing 26.7% of the company’s capital, Maharah disclosed to the Saudi Stock Exchange (Tadawul) on Monday.

The distributions will be entitled to the equityholders registered on 1 October 2019, and to those registered by the end of the second trading day following the due date.

Maharah clarified that the said decision was subsequent to the ordinary general meeting’s (OGM) authorisation to the board to distribute interim dividends following the firm’s positive financial results.

Moreover, this is the first time Maharah distributes dividends since it was listed on Tadawul in June 2019.

It is worth highlighting that during the second quarter of 2019, the company’s profits hiked to SAR 71.99 million from SAR 57.59 million in Q2-18, a 25% year-on-year rise.

Mubasher Contribution Time: 16-Sep-2019 07:27 (GMT)
Mubasher Last Update Time: 16-Sep-2019 07:27 (GMT)