Dividends Proposal

Dividends Proposal

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  • Bahri's board has recommended a cash dividend of SAR 738.28 million for 2024, translating to SAR 1 per share for 738.28 million eligible shares. This dividend represents 10% of the company's share capital and is aimed at rewarding shareholders while maintaining a strong financial position. The proposal was made on March 18, 2024, and is subject to approval from the company's shareholders and relevant authorities.
  • In addition to the dividend, Bahri's board has proposed a 25% capital increase, raising the capital from SAR 7.38 billion to SAR 9.22 billion. This capital hike will involve issuing one bonus share for every four shares held, which is intended to bolster the company's capital base and support its growth and expansion plans. The new capital structure will consist of approximately 922.85 million shares.

Why it matters

The proposed dividends and capital increase reflect Bahri's strong financial performance and commitment to shareholder value, positioning the company for future growth.

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