| Element List | Explanation |
|---|---|
| Announcement Detail | Alandalus Property announces its dividend policy for 2021, 2022 and 2023 |
Alandalus Property announces that its Board of Directors approved Thursday,17/09/1442H, corresponding to 29/04/2021G, its dividend distribution policy for the fiscal years 2021, 2022 and 2023, which will be presented for approval to the upcoming General Assembly, the date of which will be announced later. This policy aims to maintain a minimum distribution per share through distributing 60% of the Company’s net profit annually.
Dividend Policy:
Alandalus Property Company intends to distribute 60% of its annual net profits for the fiscal years 2021, 2022 and 2023. Distribution will be semi-annually.
However, this policy shall be subject to change based on the following factors:
1- Any material change in the Company’s strategy and business.
2- Cash flows, new capital investments, and future expectations of external financing, taking into account maintaining a robust liquidity policy to meet any abrupt changes.
3- Any restrictions on distribution under any financing loans the Company plans to enter into.
4- Any other legal or regulatory considerations.
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.