Posted on April 20, 2024
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«Arabic Holding Company» Recommends Distributing 30 Fils in Cash.

Source: aljarida.com


The Board of Directors of Arabic Digital Holding Company has recommended distributing cash dividends of 30 fils per share, amounting to 6.135 million dinars, to shareholders registered in the company's records, in accordance with regulatory guidelines.

Fahad Al-Dosari, Vice Chairman and CEO of the company, stated: "The board's recommendation regarding the cash dividends for shareholders has been submitted to the Ordinary General Assembly, which is scheduled to convene on May 8."

Al-Dosari added in a press statement: "The company's consistent operational performance and growth have been the primary drivers for these distributions." He emphasized the company's commitment to adhering to regulatory standards and guidelines governing its operations.

Al-Dosari revealed that the assets of "Arabic Digital Holding" are currently valued at 21.15 million dinars. He noted that the company successfully listed its shares for continuous trading in the over-the-counter (OTC) market on November 29.

He also disclosed the company's current focus on meeting all official and legal requirements set by the Capital Markets Authority for listing in the main market. He expects to submit the necessary file to the relevant authorities before the end of the first half or possibly at the beginning of the third quarter of this year.

Al-Dosari highlighted the strategy adopted by the Board of Directors, which focuses on expanding the business and existing projects of "Arabic Holding" through its subsidiaries and affiliates, aiming to achieve exceptional revenues in the coming years. He underscored the company's dedication to diversifying income streams by focusing on various economic sectors.

Al-Dosari noted that the company operates under an approved strategic plan aimed at enhancing its operational capabilities to ensure sustainable returns for shareholders. He emphasized that the Board's strategy, implemented by the executive team, prioritizes the continuous development of "Arabic" activities to meet market demands.

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