Riyadh – Mubasher: The board of Al Saif Stores for Development and Investment Company (Alsaif Gallery) approved distributing SAR 35 million in cash dividends to shareholders for the third quarter (Q3) of 2022.
The Tadawul-listed firm will pay SAR 1 per share, representing 10% of the share’s par value, in Q3-22 dividends for 35 million eligible shares, according to a bourse statement on Tuesday.
The dividends will be distributed on 12 January 2023.
Noteworthy to mention, listing and trading the shares of Alsaif Gallery on the Main Market of the Saudi Exchange (Tadawul) commenced on Tuesday, 27 December.
Under the symbol 4192, Alsaif Gallery will list 10.50 million shares, accounting for 30% of its share capital.
Earlier this month, the company set the final price for its initial public offering (IPO) at SAR 115 per share after the Capital Market Authority (CMA) had greenlighted the IPO in September.
