Al-Jouf Agricultural Development Co. Announces Distribution of Cash Dividends to Shareholders for the First Half of Fiscal Year 2023
Al-Jouf Agricultural Development Co. Announces Distribution of Cash Dividends to Shareholders for the First Half of ... Marketscreener.com
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Al-Jouf Agricultural Development Co. Announces Cash Dividends Distribution
At its meeting on December 14, 2023, the Board of Directors of Al-Jouf Agricultural Development Co. has announced the distribution of cash dividends to the company’s shareholders for the first half of fiscal year 2023. The total amount of cash dividends is SAR 7.5 million, which is equivalent to SAR 0.25 per share. This represents 2.5% of the share book value.
Eligibility and Distribution Process
The eligibility for receiving the cash dividends is for shareholders who own shares at the end of trading on January 15, 2024. These shareholders must also be registered in the company’s shareholders register with the Securities Depository Center Company (Edaa) at the end of the second trading day following the maturity date.
The company would like to inform its valued shareholders that the disbursement process will take place by transferring the cash dividends to shareholders’ accounts associated with their investment portfolios. This transfer will occur from January 30, 2024, onwards via Banque Saudi Fransi.
Sustainable Development Goals (SDGs)
- Goal 1: No Poverty – The distribution of cash dividends aims to provide financial benefits to the shareholders, contributing to poverty reduction and economic well-being.
- Goal 8: Decent Work and Economic Growth – The cash dividends distribution reflects the company’s commitment to promoting economic growth and creating opportunities for shareholders to earn income from their investments.
- Goal 10: Reduced Inequalities – By distributing cash dividends to shareholders, the company aims to reduce inequalities by providing equal financial benefits to all eligible shareholders.
- Goal 17: Partnerships for the Goals – The collaboration between Al-Jouf Agricultural Development Co. and Banque Saudi Fransi in the disbursement process demonstrates the importance of partnerships in achieving sustainable development goals.
Conclusion
The distribution of cash dividends by Al-Jouf Agricultural Development Co. for the first half of fiscal year 2023 is a significant step towards achieving the Sustainable Development Goals. By providing financial benefits to shareholders and promoting economic growth, the company contributes to poverty reduction, reduced inequalities, and overall sustainable development.
SDGs, Targets, and Indicators
-
SDG 1: No Poverty
- Target 1.4: By 2030, ensure that all men and women, in particular the poor and the vulnerable, have equal rights to economic resources, as well as access to basic services, ownership, and control over land and other forms of property, inheritance, natural resources, appropriate new technology, and financial services, including microfinance.
- Indicator 1.4.2: Proportion of total adult population with secure tenure rights to land, with legally recognized documentation and who perceive their rights to land as secure, by sex and by type of tenure.
-
SDG 8: Decent Work and Economic Growth
- Target 8.3: Promote development-oriented policies that support productive activities, decent job creation, entrepreneurship, creativity, and innovation, and encourage the formalization and growth of micro-, small-, and medium-sized enterprises, including through access to financial services.
- Indicator 8.3.1: Proportion of informal employment in non-agriculture employment, by sex.
Analysis
The article discusses the distribution of cash dividends by Al-Jouf Agricultural Development Co. to its shareholders. Based on the content of the article, the following SDGs, targets, and indicators can be identified:
1. SDG 1: No Poverty
The distribution of cash dividends can be connected to SDG 1 as it relates to economic resources and financial services. The target and indicator that can be identified are:
- Target 1.4: By 2030, ensure that all men and women, in particular the poor and the vulnerable, have equal rights to economic resources, as well as access to basic services, ownership, and control over land and other forms of property, inheritance, natural resources, appropriate new technology, and financial services, including microfinance.
- Indicator 1.4.2: Proportion of total adult population with secure tenure rights to land, with legally recognized documentation and who perceive their rights to land as secure, by sex and by type of tenure.
The distribution of cash dividends can contribute to reducing poverty by providing economic resources to shareholders. However, the article does not provide specific information about the impact on the poor and vulnerable or access to basic services.
2. SDG 8: Decent Work and Economic Growth
The distribution of cash dividends can also be connected to SDG 8 as it relates to economic growth and access to financial services. The target and indicator that can be identified are:
- Target 8.3: Promote development-oriented policies that support productive activities, decent job creation, entrepreneurship, creativity, and innovation, and encourage the formalization and growth of micro-, small-, and medium-sized enterprises, including through access to financial services.
- Indicator 8.3.1: Proportion of informal employment in non-agriculture employment, by sex.
The distribution of cash dividends can contribute to economic growth by supporting entrepreneurship and the growth of enterprises. However, the article does not provide specific information about job creation or the formalization of businesses.
Table: SDGs, Targets, and Indicators
| SDGs | Targets | Indicators |
|---|---|---|
| SDG 1: No Poverty | Target 1.4: By 2030, ensure that all men and women, in particular the poor and the vulnerable, have equal rights to economic resources, as well as access to basic services, ownership, and control over land and other forms of property, inheritance, natural resources, appropriate new technology, and financial services, including microfinance. | Indicator 1.4.2: Proportion of total adult population with secure tenure rights to land, with legally recognized documentation and who perceive their rights to land as secure, by sex and by type of tenure. |
| SDG 8: Decent Work and Economic Growth | Target 8.3: Promote development-oriented policies that support productive activities, decent job creation, entrepreneurship, creativity, and innovation, and encourage the formalization and growth of micro-, small-, and medium-sized enterprises, including through access to financial services. | Indicator 8.3.1: Proportion of informal employment in non-agriculture employment, by sex. |
Behold! This splendid article springs forth from the wellspring of knowledge, shaped by a wondrous proprietary AI technology that delved into a vast ocean of data, illuminating the path towards the Sustainable Development Goals. Remember that all rights are reserved by SDG Investors LLC, empowering us to champion progress together.
Source: marketscreener.com
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