Saudi: Al Etihad Cooperative to pay $8mln dividends for 2024

Background of a pile of Saudi Arabia riyals banknotes money bills of different values from different times, selective focus of a stack of Saudi riyals, kingdom of Saudi Arabia economy concept Image used for illustrative purpose. Getty Images

The insurance firm will disburse a dividend of SAR 0.60 per share, representing 6% of the share capital, for 60 million eligible shares

Staff Writer, Mubasher

April 9, 2025

PHOTO
Background of a pile of Saudi Arabia riyals banknotes money bills of different values from different times, selective focus of a stack of Saudi riyals, kingdom of Saudi Arabia economy concept Image used for illustrative purpose. Getty Images

Al Etihad Cooperative Insurance Company announced the board’s recommendation to disburse cash dividends of SAR 30 million for 2024, according to a bourse disclosure.

The insurance firm will disburse a dividend of SAR 0.60 per share, representing 6% of the share capital, for 60 million eligible shares.

Meanwhile, the payment date will be announced at a later time.

The company’s net profits dropped by 47.67% to SAR 49.13 million in 2024 from SAR 93.89 million in 2023.

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