Riyadh – Mubasher: The board of Alsaif Stores for Development and Investment Company (Alsaif Gallery) approved a cash dividend distribution totaling SAR 10.50 million for the first half (H1) of 2026.
The payout is equivalent to SAR 0.03 per share, representing 3% of the nominal share value.
The distribution will be allocated across 350 million eligible shares. According to the company's disclosure, the eligibility date for shareholders is set for 13 October 2026, with the actual payment scheduled to commence on 22 October.
The company noted that a 5% withholding tax will apply to dividends transferred to non-resident investors in accordance with Saudi Arabian income tax regulations.
Shareholders are encouraged to update their banking information and link bank accounts to their investment portfolios to ensure the timely receipt of funds. The board decision was finalized during a meeting held on 8 October.
In H1-26, the net profits rose 9.10% year-on-year (YoY) to SAR 39.95 million from SAR 36.62 million.
