SAL to disburse $37.6mln cash dividends for Q1-24

The company will disburse a dividend of SAR 1.76 per share for 80 million eligible shares, according to a bourse disclosure

Staff Writer, Mubasher

May 20, 2024

The board of SAL Saudi Logistics Services Company decided to pay cash dividends amounting to SAR 140.80 million for the first quarter (Q1) of 2024.

The company will disburse a dividend of SAR 1.76 per share for 80 million eligible shares, according to a bourse disclosure.

The distribution date will be within 15 working days from the eligibility date of 26 May 2024.

Meanwhile, the board members approved the cash dividends, which represent 17.60% of the capital, on 19 May 2024.

In the three-month period that ended on 31 March 2024, SAL posted 99.764% higher net profits at SAR 208.446 million, compared to SAR 104.34 million in Q1-23.

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