ALKHABEER ANNOUNCES 5% OF SHARE PAR VALUE TO SHAREHOLDERS
Alkhabeer Capital, a leading asset management and investment firm in Saudi Arabia, announced today that its Board of Directors approved the audited financial statement of 2014 and made a recommendation to the General Assembly to distribute cash dividends of SR 40.7 million to its shareholders for the fiscal year ended 31st December 2014, equivalent to SR 0.50 per share, or 5% of the share par value. The date of such distribution shall be announced following the approval of the Shareholders’ General Assembly.
The payment of this dividend for the second consecutive year comes as a result of the continued growth of Alkhabeer’s profitability, emphasizing Alkhabeer’s commitment to ensure sustainable value for its shareholders.
Alkhabeer has achieved significant growth in its revenues for the FY 2014 to SR 158.18 million, equivalent to 25.8%, while the net revenue had grown by 32% to reach SR 57.3 million in 2014.
On this occasion, Mr. Saleh Mohammed Binladen, Chairman at Alkhabeer Capital said: “This dividend distribution reflects Alkhabeer’s continued growth year after year since inception and investors’ confidence in our strategy. We have seen significant economic improvement this year locally, regionally and internationally, which has supported many of our investment decisions. We are proud of the numerous achievements we have made this year, including our lucrative strategic acquisitions and successful exits, highlighting our commitment to successful investments, and our team’s significant investment expertise”.
Alkhabeer Capital is an asset management and investment firm authorized by the Capital Market Authority (license number 07074-37).