Saudi: Jarir unveils dividends for Q4-22, stock split proposal

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Eligibility and distribution dates for the dividends will be 20 and 29 March 2023

Staff Writer, Mubasher

March 16, 2023

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Riyadh: Jarir Marketing Company (Jarir Bookstores) announced cash dividends worth SAR 264 million, representing 22% of its capital, for the fourth quarter (Q4) of 2022.

Jarir will disburse SAR 2.20 per share for 120 million eligible shares, according to a bourse disclosure.

Eligibility and distribution dates for the dividends will be 20 and 29 March 2023, respectively.

Split Stock

The company’s board members suggested, on 15 March, to split the share’s nominal value to SAR 1 from SAR 10 per share.

In this regard, the number of shares will stand at 1.20 billion instead of 120 million shares.

Last year, the Tadawul-listed firm recorded net profits after Zakat and tax worth SAR 969.80 million, down 2.23% from SAR 991.90 million in 2021.

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