SAL Saudi Logistics Approves SAR 117.6M Q1 Cash Dividend
SAL Saudi Logistics Services Company (4263) announced that its board of directors approved an interim cash dividend of SAR 117.6 million for the first quarter of fiscal year 2026, representing SAR 1.47 per share. Shareholders of record at the close of trading on May 18, 2026 will be eligible, with distribution scheduled for June 11, 2026.
Key Numbers
SAL Saudi Logistics Services Company (4263) announced that its board of directors approved an interim cash dividend of SAR 117.6 million for the first quarter of fiscal year 2026, representing SAR 1.47 per share. Shareholders of record at the close of trading on May 18, 2026 will be eligible, with distribution scheduled for June 11, 2026 via automatic deposit through the Securities Depository Center Company.
Key Dividend Details
| Item | Value |
|---|---|
| Total Dividend | SAR 117.6 million |
| Dividend Per Share | SAR 1.47 |
| Eligible Shares | 80 million |
| Dividend Yield of Par | 14.7% |
| Record Date | May 18, 2026 |
| Payment Date | June 11, 2026 |
Highlights from the Announcement
- The board decision was made on April 30, 2026.
- This is an interim dividend for Q1 2026.
- Distribution will be via automatic deposit into shareholders' accounts.
Future Guidance
The company did not provide any forward guidance regarding future dividends.
Impact on the Stock
Declaring a cash dividend is generally seen as a positive signal of strong cash flows and commitment to shareholder returns. It may boost investor confidence in the near term.
What This Means for Investors
This distribution provides a cash return of 14.7% of the share's par value. Investors should monitor the company's performance in upcoming quarters to assess the sustainability of such dividends.
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