BinDawood Holding board gets OK for 2026 dividends

BinDawood Holding Co.'s shareholders voted to authorize the board to distribute interim dividends on a semi-annual or quarterly schedule for 2026, according to a company announcement after the extraordinary general meeting.

The authorization gives the board discretion on the timing and amount of each payout within the fiscal year. The company did not disclose a specific dividend per share or a target payout ratio.

Saudi-listed companies have traditionally paid dividends once a year after annual results. A shift to more frequent distributions could appeal to income investors seeking regular cash returns. BinDawood operates supermarkets and hypermarkets under its own brand and the Danube banner, with a growing online grocery platform.

The shareholder resolution passed with the required majority, the company said. The approval applies only to 2026. Future dividend policies would require a fresh shareholder vote.

No date has been set for the first interim payment under the new framework. The company is expected to announce a first interim dividend later in 2026, subject to board review of cash flow and capital spending plans.