Riyadh – The board members of Saudi Home Loans Company (SHL) proposed cash dividends amounting to SAR 50 million, equivalent to 5% of the capital, for 2022.
The Saudi firm will pay a dividend of SAR 0.50 per share for 100 million eligible shares, according to a bourse discourse.
Meanwhile, the payment date will be determined after the shareholders approve the recommended cash dividends.
Last year, the company’s net profits declined by 7.08% to SAR 95.88 million from SAR 103.19 million in 2021.
During January-March 2023, Saudi Home Loans posted 92.44% lower net profits at SAR 2.44 million, compared to SAR 32.35 million in the year-ago period.
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