Jarir shareholders authorize board to pay 2025 interim dividends

A Jarir showroom

Jarir Marketing Co.’s (JMC) shareholders approved authorizing the board of directors to distribute interim dividends on a semi-annual or quarterly basis for 2025, during the ordinary general meeting (OGM) held on May 28.

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According to a statement to Tadawul, shareholders approved the sale of a residential property owned by the company in Al-Asfarayn, Al-Khazraj District, Madinah, to Mohammed Al-Aqeel, Chairman of the board, for SAR 1.65 million, excluding real estate transaction tax.

Shareholders also approved all other agenda items, the statement added.

According to data available on Argaam, Jarir distributed 83% cash dividends, or SAR 0.83 per share, for 2024.

In addition, a cash dividend of 19% of capital, or SAR 0.19 per share, was distributed for Q1 2025.