Ladun EGM delegates board to distribute interim dividends for 2025

Logo of Ladun Investment Co.

Shareholders of Ladun Investment Co. approved authorizing the board of directors to distribute an interim cash dividend for 2025 on a semi-annual or quarterly basis, according to a Tadawul statement.

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The approval was made during the extraordinary general meeting (EGM) held on May 27.

Shareholders also approved transferring the full statutory reserve balance of SAR 30.64 million as of Dec. 31, 2024, to the retained earnings account.

Meanwhile, they ratified amendments to Article 4 of the company’s bylaws relating to the company’s objectives.

According to data compiled by Argaam, the updated company’s objectives include purchasing, selling, and dividing land and real estate, as well as off-plan sales activities.

This is in addition to real estate development of residential and commercial buildings using modern construction methods, real estate contributions, investing funds in stocks and other securities and owning real estate and movable property necessary to conduct business.

The article stating “any other legitimate purpose consistent with the nature of this company" has been deleted.