Riyadh – Mubasher: Thob Al Aseel Company’s board of directors has approved a cash dividend distribution totaling SAR 44 million for the first half (H1) of 2026.
The payout is equivalent to 11% of the share nominal value. The company confirmed that the distribution will target 400 million eligible shares, resulting in a dividend of SAR 0.11 per share.
Eligibility for the payout is set for shareholders owning stock at the close of trading on 6 August 2026, as registered with the Securities Depository Center Company (Edaa) by the end of the second trading day following the eligibility date.
According to the disclosure, the dividends will be deposited into shareholder accounts within 15 business days of the eligibility date.
Thobe Al Aseel advised non-resident foreign investors that these cash distributions are subject to a 5% withholding tax in accordance with Article 68 of the Income Tax Law and Article 63 of its Implementing Regulations.
The company urged all shareholders to ensure their bank account details are correctly linked to their investment portfolios to facilitate the payment process.
Based on its preliminary financial results for H1-26, the company’s net profit increased by 13.13% year-on-year (YoY) to SAR 81.74 million from SAR 72.25 million.
