Approval of generous cash dividends for shareholders
In a move reflecting its strong financial performance and confidence in future growth, the General Assembly of Hamad Bin Saeedan Real Estate Company approved the Board of Directors' recommendation to distribute cash dividends of SAR 14.1 million to shareholders for the fiscal year ending December 31, 2024. The company explained that the dividend per share is SAR 0.5, confirming its commitment to sharing its successes with its shareholders.
According to a statement issued by the Saudi Stock Exchange (Tadawul), the eligibility and entitlement dates have been set. 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 at the end of the second trading day following the meeting will be entitled to the dividends. The dividend distribution start date has also been amended to December 11, 2025, instead of the previously announced date of December 7, 2025.
The company's position in the Saudi real estate market
Hamad Bin Saeedan Real Estate Company is a prominent player in the Saudi Arabian real estate sector, boasting a long history of developing and managing diverse real estate projects, including residential and commercial complexes. This dividend distribution decision further strengthens the company's reputation as a reliable investment entity committed to delivering sustainable returns for its shareholders. This announcement comes within the broader context of the growth witnessed by the Saudi real estate sector, a key pillar of the Kingdom's Vision 2030 economic diversification strategy, which aims to reduce reliance on oil and develop other economic sectors.
Implications of the decision and its impact on investor confidence
The decision to distribute dividends is not merely a financial return for shareholders; it is a strong indicator of a company's financial health and its ability to generate positive cash flow from its operations. This practice enhances investor confidence in the company's strategy and management efficiency, which can positively impact the stock's performance in the financial market. Domestically, this financial stability of major companies contributes to strengthening the attractiveness of the Saudi stock market as a whole and encourages further investment in non-oil sectors, thus supporting the national economy in general.
Developing governance and transparency
In addition to approving the dividend distribution, the General Assembly meeting witnessed the adoption of significant regulatory decisions, including amendments to certain articles of the company's Articles of Association, the cancellation of the previously adopted governance regulations, and the approval of new operating regulations for some board committees. These amendments reflect the company's commitment to implementing best practices in governance and transparency, which aligns with regulatory requirements and enhances the company's attractiveness to institutional, local, and international investors seeking secure and regulated investment opportunities.
