Arabian Centres to distribute $63m cash dividends for H1
RIYADH, December 30, 2020 Arabian Centres Company (ACC), a leading owner, operator and developer of contemporary lifestyle centres in Saudi Arabia, has announced that its board has recommended the distribution of cash dividends worth SR237.5 million ($63.2 million) to shareholders for the first half ended September 30, 2020. According to ACC, the eligibility of dividend shall be for the shareholders at the close of trading on January 4, 2021, who are registered in the register of The Securities Depository Center Company at the end of the second trading day following the eligibility date. Each of eligible 475 million shares will be entitled to a dividend of SR0.50, with the percentage of dividend to the share par value hitting 5%, said the company in its filing to the Saudi bourse Tadawul.