Sustained Infrastructure Holding Co. announces the board of director’s recommendation to distribute cash dividends for the Fiscal year 2024
| Element List | Explanation |
|---|---|
| Introduction | The Sustained Infrastructure Holding Company ("SISCO Holding") Board of Directors recommend the distribution of cash dividends to company shareholders for the fiscal year 2024 |
| Date of the board’s recommendation | 2025-05-08 Corresponding to 1446-11-10 |
| The Total amount distributed | 65,280,000 |
| Number of Shares Eligible for Dividends | 81,600,000 |
| Dividend per share | 0.8 |
| Percentage of Dividend to the Share Par Value (%) | 8 |
| Eligibility date | All the shareholders registered with Securities Depository Centre as the shareholders of the Company at the end of second trading day of holding of General Assembly meeting shall be eligible for the dividend. The date of the General Assembly meeting shall be announced later. |
| Distribution Date | The announcement of dividend distribution date shall be made after the General Assembly meeting of the Company. |
| The name of other official authorities and the details of their non-refusal to the recommendation or decision | N/A |
| Additional Information | The Board continues to recognise the importance of delivering a sustainable and progressive dividend to its shareholders, while maintaining the flexibility to continue to implement the five-tear strategy that aims to deliver long-term shareholder value through significant opportunities in SISCO’s core sectors.
In line with this approach, the Board has approved a dividend of SAR 0.80 per share for the financial year 2024. This decision reflects the Company’s objective of balancing shareholder returns with prudent capital management. The approved dividend remains aligned with the previous dividend policy, reinforcing SISCO’s commitment to maintaining sustainable dividend payments to its shareholders.
Capital allocation and deployment remain central to SISCO’s approach. The Company is committed to ensuring that cash is deployed efficiently, balancing the need for ongoing investments to support growth with the objective of delivering sustainable returns.
The Board will continue to assess its dividend policy annually to ensure it reflects market conditions, investment opportunities and the Company’s long-term strategy. This measured approach enables SISCO to preserve flexibility, drive future growth and uphold its responsibility to provide attractive and sustainable returns to its shareholders. |
Comments