Riyadh – Mubasher: The board of Raoom Trading Company greenlighted cash dividends valued at SAR 4.68 million for the fourth quarter (Q4) of 2023, according to a bourse statement.
The firm will pay a dividend of SAR 0.75 per share for 6.25 million eligible shareholders.
The board members approved the Q4-23 dividends, which represent 7.50% of the company’s capital, on 21 February 2024.
Eligibility date will be 5 March 2024, while the payment will be within 15 business days of the due date.
In the first nine months (9M) of 2023, Raoom posted an annual hike of 65.48% in net profit after Zakat and tax to SAR 36.43 million, compared to SAR 22.01 million.
