Saudi Sumou Real Estate proposes $3.33mln dividends for H1

The dividends will be distributed on Sunday, 29 November


Riyadh – The Board of Directors of Sumou Real Estate Company recommended distributing cash dividends of SAR 12.5 million to shareholders for the first half (H1) of 2020.

The proposed amount represents SAR 0.50 per share and 10% of the share’s nominal value, according to a disclosure to the Saudi bourse on Sunday.

Eligibility of dividends will be to the company’s shareholders on Sunday, 15 November 2020, as per the registered shareholders in the register of the Securities Depository Center Company (Edaa) at the end of the second trading day following the due date.

The distribution date is Sunday, 29 November.

Source: Mubasher

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