‎Knowledge Tower shareholders to vote on 12.5% cash dividend for FY 2022


Logo of Knowledge Tower Trading Co.

Knowledge Tower Trading Co.’s shareholders will vote on the board’s recommendation to distribute a cash dividend at 12.5% of capital (SAR 1.25 per share) for the fiscal year ended on March 31, 2022, during an ordinary general meeting (OGM) scheduled to be held on Feb. 12, as follows:

Dividend Details

Current Capital

SAR 17.50 mln

Number of Shares

1.75 mln

Total Dividend

SAR 2.19 mln

Percentage of Capital

12.5% (SAR 1.25 per share)

Record Date

Feb. 12, 2023 (Shareholders registered with Edaa by the close of the second trading day following the record date)

Payment Date

To be determined later

According to the data available with Argaam, this will be the first cash dividend by Knowledge Tower since its listing on the Nomu-Parallel Market in November.

In a separate corrective statement on Tadawul today, Jan. 15, the company said that the dividend recommendation is for the fiscal year ended March 31, 2022, and not on March 31, 2021, as announced in an earlier statement in December.

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