Saudi Aramco Company “Lubrev” for basic oils recommended the recommendation of its Board of Directors that for the second half of 2024 AD to distribute cash dividends to the shareholders of 518.225 million Real for the second half of 2024 AD, for about 168.255 million shares due to profits, due to profit .
The company said in a statement published on “Tadavul” on Monday, Monday that the stock will be 3.08 riyal, which is equal to the distribution rate of 30.8% of the nominal value of the share.
The eligibility date will later be determined by the end of the movement of the General Assembly, provided that the share of shareholders shares will be on the day of entryment and the registration in the records of shareholders will be at the center deposited at the deposit center. The end of the second day of trading after the date of entitled.
Profit is expected to be distributed within 15 working days from the date of authority.
Thus, the total profit distribution for the year 2024 AD gets approximately 6.68 riyal per share, which is equal to about 70% free cash flow, according to the display -related distribution policy.