Introduction

Al-Mawarid Human Resources Al-Mawarid announced the recommendation of the Board of Directors to distribute cash dividends to shareholders for the first half of 2023, totaling approximately 22.5 million rials per number of shares eligible to receive dividends. , 15 million shares.

Distribution Details

The company said in a statement to Tadavul Saudi Arabia today, Tuesday, that the shareholding share of the distribution is 1.5 riyals, with an allocation ratio to par value of shares of 15%.

Dividend Eligibility

Shareholders holding shares will be eligible to receive the dividend at the end of the second trading day following the day of the company’s general meeting, which will be announced later.

Financial Performance

Preliminary results from Human Resources Resources showed a 19.35% increase in net income in the second quarter of 2023 to 22.45 million rials after zakat and taxes, compared to 18.81 million rials in the same period in 2022.

On a quarterly basis, the company’s profit after zakat and taxes increased by 1.31% in the second quarter compared to a profit of 22.16 million riyals in the first quarter of 2023.