Dividend Information

a. Dividend history
The following table provides details related to L’azurde Group’s dividend payments during last five years. Dividend paid compared to net income and share capital (SAR million)
Description Dividend distributed
2013 2014 2015 2016 2017 2018
Net profit for the year 7,41,77,974 8,62,90,539 10,05,67,197 7,19,51,900 3,15,43,923 1,76,65,938
Dividend paid 3,70,88,987 4,31,45,269 5,50,00,000 2,15,00,000
% of interim dividend during the year
% of dividend at the end of the year 50% 50% 55% 30%
Capital 30,00,00,000 30,00,00,000 43,00,00,000 43,00,00,000 43,00,00,000 43,00,00,000
Capital Return 12% 14% 13% 5% 0 0
Board of Directors reviews dividend policy on an annual basis and makes a recommendation to the General Assembly based on its assessment of the Company’s financial situation and opportunities for investment. For 2018, the Board has recommended to the General Assembly not to pay a dividend so as to fund the acquisition of the Tous franchise and other potential acquisitions that are being considered as part of the Company’s growth strategy. This recommendation will be presented to the General Assembly for voting which is planned to take place on April 24, 2019.