Mutajara Real Estate Company will hold its ordinary general assembly tomorrow, Wednesday, April 16, 2025, to discuss the board of directors' recommendation to distribute a cash dividend of 3.5% of the nominal value of each share (3.5 Fils per share) for the second half of the year 2024.
It is noteworthy that a cash dividend of 3.5% of the nominal value of each share (3.5 Fils per share) was previously distributed for the first half of the period ending on June 30, 2024, as per the board’s decision dated August 12, 2024.
The assembly will also authorize the board of directors to implement profit distribution procedures for the company’s shareholders on a semi-annual and/or quarterly basis as deemed appropriate during the financial year 2025 and subsequent years, ensuring that the distributions are from actual profits according to recognized accounting principles and standards, without affecting the company's paid-in capital, along with various other items listed on its agenda.