Al Hammadi Holding Approves 60% Quarterly Dividend Policy

Al Hammadi Holding (4007) announced the results of its Ordinary General Assembly meeting held on May 21, 2026 in Riyadh via the Tadawulaty system, with 62.77% shareholder attendance. The assembly approved a new four-year dividend policy committing to distribute at least 60% of quarterly net profits starting from Q3 2025.

Key Approvals

• Dividend Policy: Quarterly dividend of at least 60% of net profit, effective from Q3 2025.
• Board Remuneration: SAR 1,800,000 for fiscal year 2025.
• Board Delegation: Authority to distribute interim dividends delegated to the Board.
• Committee Charter Amendments: Audit Committee and Remuneration and Nomination Committee charters approved.
• Related Party Transactions:
  • With Aziz Company for Contracting and Industrial Investment: SAR 160,350.
  • With Al Hammadi for Information Technology Establishment: SAR 4,254,475.

Context

The decisions aim to enhance shareholder returns and governance transparency. The new dividend policy provides regular cash flow to shareholders, potentially attracting income-focused investors.

What This Means for Investors

The 60% quarterly dividend policy is a positive step for shareholders, offering predictable returns. However, investors should monitor the company's financial performance to ensure the sustainability of these distributions.