Riyadh - Mubasher: Riyadh Development Company’s board of directors has approved a cash dividend distribution totaling SAR 58.48 million for the first half (H1) of 2026.
The payout is equivalent to SAR 0.25 per share, representing 2.50% of the nominal share value.
The distribution will apply to 233.93 million eligible shares. According to the company's disclosure, the eligibility date for shareholders is set for 4 October 2026.
The payment process is scheduled to commence on 22 October. The company stated that the dividend policy aligns with its strategy to balance shareholder returns with sustainable growth objectives.
Funds will be transferred directly into the bank accounts linked to shareholders' investment portfolios.
Riyadh Development urged shareholders to update their banking information with their respective financial institutions to ensure the timely receipt of payments.
In H1-26, the group recorded net profits valued at SAR 108.86 million, up 1.08% year-on-year (YoY) from SAR 107.70 million.
