| Element List | Explanation |
|---|---|
| Announcement Detail | Al Hammadi holding (the Company) announces that the Board of Directors in their meeting held on 23-08-2022, has approved the company's dividend policy for the next three years starting from the 3rd quarter 2022. The dividend policy as approved by the board of directors remains subject to the ratification in the next General Assembly Meeting which will be announced later. The objective of the dividend policy is to maintain a minimum level of dividend per share on quarterly basis. |
The dividend policy as follows:
alhammadi commits to pay at least 60% of its net profites per quarter for the next three years.
The dividends policy will remain subject to change based on the following:
1. Any material changes in the strategy and business of the company (including the business environment it operates in);
2. Laws and regulations that are applicable on the Company; and
3. Any banking, other funding or credit rating covenants that the company may be bound to follow from time to time.
The Capital Market Authority and Saudi Exchange take no responsibility for the contents of this disclosure, make no representations as to its accuracy or completeness, and expressly disclaim any liability whatsoever for any loss arising from, or incurred in reliance upon, any part of this disclosure, and the issuer accepts full responsibility for the accuracy of the information contained in it and confirms, having made all reasonable enquiries, that to the best of their knowledge and belief, there are no other facts or information the omission of which would make the disclosure misleading, incomplete or inaccurate.