Ata’a Educational Company, a leading private education provider in Saudi Arabia, announced that its Extraordinary General Assembly approved the Board of Directors’ recommendation to distribute cash dividends to shareholders totaling SAR 63,130,823 for the fiscal year ending July 31, 2025. This decision, made during the Assembly meeting held on Wednesday, reflects the company’s strong financial performance and its confidence in continued future growth.
Background on Ata’a Educational Company and its role in Vision 2030
Ataa Educational Company was established in 1992 and has since grown to become one of the leading educational entities in the Kingdom, managing and operating a diverse portfolio of educational complexes serving various grade levels. The company's strong performance comes within the context of the economic and social transformation underway in Saudi Arabia as part of Vision 2030, which prioritizes the development of the education sector and human capital. Private companies like Ataa play a pivotal role in achieving these goals by providing high-quality education and expanding the capacity of private and international schools, thereby easing the burden on public education and offering diverse options for citizens and residents.
Details of dividend distribution and its impact on investors
According to the resolution, SAR 1.5 per share will be distributed, representing 15% of the company's paid-up capital. The company clarified in its statement on the Saudi Stock Exchange (Tadawul) that the dividend entitlement will be for shareholders who own shares at the close of trading on the day of the General Assembly meeting and are registered in the company's shareholder register at the Securities Depository Center (Edaa) at the end of the second trading day following the entitlement date. The dividend distribution is scheduled to begin on Wednesday, 23 Sha'ban 1447 AH, corresponding to February 11, 2026. This distribution is considered a positive indicator for investors, as it confirms the company's ability to achieve profitable returns and reinforces confidence in its long-term operational and financial strategy.
Other strategic decisions in the association
The General Assembly meeting not only approved the distribution of profits but also ratified several other important items, including the Board of Directors' and auditors' reports and the financial statements for the year ending July 31, 2025, and discharged the Board members from liability. The Assembly also approved a bonus of SAR 1,350,000 for the Board members. Among the key strategic decisions was the approval to transfer the entire statutory reserve balance of SAR 51,060,154 to retained earnings, a move that provides the company with greater financial flexibility to use these funds to support future expansion or finance new investments. Furthermore, the Assembly authorized the Board of Directors to distribute interim dividends on a semi-annual or quarterly basis for the upcoming fiscal year, indicating continued positive expectations for the company's financial performance.
