PHOTO
Investors monitor a screen displaying stock information at the Saudi Stock Exchange (Tadawul) following the debut of Saudi Aramco's initial public offering (IPO) on the Riyadh's stock market, in Riyadh, Saudi Arabia, December 11, 2019. Ahmed Yosri
Riyadh – ADES Holding Company announced the board’s recommendation to pay cash dividends amounting to SAR 237.49 million for the first half (H1) of 2024.
The Saudi group will disburse a dividend valued at SAR 0.21 per share to 1.09 billion eligible shares, according to a bourse disclosure
Meanwhile, the distribution date is set to be on Thursday, 1 October 2024.
In the first six months (6M) of 2024, ADES Holding registered net profits valued at SAR 402.97 million, compared to SAR 195.71 million in H1-23.
Revenues climbed by 54.34% to SAR 3.05 billion in H1-24 from SAR 1.98 billion as of 30 June 2023.
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