Nayifat Finance Co. Announces Cash Dividend Distribution

Strategic Insights -

Nayifat Finance Co. has made the decision to distribute cash dividends to its shareholders for the fourth quarter of 2024 and the first quarter of 2025, reflecting the company's commitment to rewarding its shareholders. The total amount to be distributed stands at 39.28 million, with dividends allocated to a total of 119.04 million shares eligible for distribution. Each share will receive a dividend of 0.33, representing a 3.3% dividend to the share par value.

Key Takeaways:

  • The board of directors at Nayifat Finance Co. has decided to distribute cash dividends to shareholders for the fourth quarter of 2024 and the first quarter of 2025.
  • The total amount to be distributed is 39.28 million, with 119.04 million shares eligible for distribution.
  • Each share will receive a dividend of 0.33, representing a 3.3% dividend to the share par value.
  • The eligibility date for shareholders is set for July 10, 2025, and the distribution of the dividends is scheduled for July 29, 2025.
  • Non-resident foreign investors are subject to a withholding tax of 5% when transferred or credited to a bank account.
  • Shareholders can reach out to the company's investor relations via email at Board_Secretary@nayifat.com or by calling 8001000088 on extensions 2022 or 2042.
  • The decision received a non-objection letter from the Saudi Central Bank, dated June 26, 2025, which is crucial for the company's distribution plan.

Statistics:

  • 39.28 million: Total amount to be distributed as cash dividends.
  • 119.04 million: Total number of shares eligible for distribution.
  • 0.33: Dividend rate per share.
  • 3.3%: Dividend yield representing the dividend rate to the share par value.
  • July 10, 2025: Eligibility date for shareholders.
  • July 29, 2025: Scheduled distribution date of the dividends.

Sources:

  • Saudi Exchange, "Announcement of Nayifat Finance Co." (Saudi Exchange)
  • Nayifat Finance Co., "Decision of the Board of Directors" (Nayifat Finance Co.)
  • Saudi Central Bank, "Non-objection letter from Saudi Central Bank" (Saudi Central Bank)
  • Securities Depository Center (Edaa), "Facilitating the distribution of dividends" (Edaa)