Latest news with #cashdividends
Argaam
27-05-2025
- Business
- Argaam
Banan to transfer SAR 7.66M statutory reserve to retained earnings
Banan Real Estate Co. 's shareholders, in an extraordinary general meeting (EGM) on May 26, approved the transfer of the company's statutory reserve to the retained earnings. In a statement to Tadawul, the company said that its statutory reserve amounted to SAR 7.66 million as of the Dec. 31, 2024. The retained earnings account stood at SAR 149.35 million as of the same date. Meanwhile, shareholders approved authorizing the company's board of directors to distribute interim dividends for 2025 on a semi-annual quarterly basis. Banan distributed cash dividends at 3.5% (SAR 0.035 per share) for H1 2024, Argaam earlier reported.
Zawya
16-05-2025
- Business
- Zawya
Saudi: SISCO Holding turns profitable in Q1-25; dividends proposed
Riyadh - Sustained Infrastructure Holding Company (SISCO Holding) recorded net profits of SAR 24.70 million in the first quarter (Q1) of 2025, shifting from net losses worth SAR 21.10 million in Q1-24. The revenue surged by 27.63% to SAR 328.80 million in the January-March 2025 period from SAR 257.60 million in Q1-24, according to the financial results. The earnings per share (EPS) stood at SAR 0.30 in the first three months (3M) of 2025, against a loss per share of SAR 0.26 in the same period a year ago. Quarter-on-quarter (QoQ), the net profits in Q1-25 rose by 27.97% from SAR 19.30 million in Q4-24, while the revenue decreased by 6.74% from SAR 352.60 million. Dividends The board members of SISCO Holding recommended distributing cash dividends amounting to SAR 65.28 million, equivalent to 8% of the capital, for 2024. The Saudi company will pay SAR 0.80 per share for 81.60 million eligible shares. Meanwhile, the eligibility and payment dates will be announced at a later time. It is worth noting that in 2024, SISCO achieved a 13.70% year-on-year (YoY) growth in adjusted gross profit that reached SAR 641.40 million. All Rights Reserved - Mubasher Info © 2005 - 2022 Provided by SyndiGate Media Inc. (
