Tuesday 17 September 2019

Mohammed Binladen...proud of the numerous achievements

Alkhabeer plans $10.8m dividend distribution

JEDDAH, February 22, 2015

Alkhabeer Capital, a leading asset management and investment firm in Saudi Arabia, plans to distribute cash dividends of SR40.7 million ($10.8 million) to its shareholders for the fiscal year ended December 31, 2014 - equivalent to 5 per cent of the share par value.

The date of such distribution will be announced following the approval of the Shareholders’ General Assembly.  

The payment of this dividend for the second consecutive year comes as a result of the continued growth of Alkhabeer’s profitability, emphasising Alkhabeer’s commitment to ensure sustainable value for its shareholders.

Alkhabeer has achieved significant growth in its revenues in 2014 to SR158.18 million ($42.16 million), equivalent to 25.8 per cent, while the net revenue had grown by 32 per cent to reach SR57.3 million ($15.27 million) in the same year.

Saleh Mohammed Binladen, chairman at Alkhabeer Capital, said: “This dividend distribution reflects Alkhabeer’s continued growth year after year since inception and investors’ confidence in our strategy. We have seen significant economic improvement this year locally, regionally and internationally, which has supported many of our investment decisions. We are proud of the numerous achievements we have made this year, including our lucrative strategic acquisitions and successful exits, highlighting our commitment to successful investments, and our team’s significant investment expertise”. – TradeArabia News Service

Tags: Saudi Arabia | investment | dividends | Alkhabeer Capital |

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