Extra grants its shareholders a cash dividend of 10.4%.. What is the reason for its distributions?

Extra, one of the largest retail companies in Saudi Arabia, granted its shareholders a cash dividend yield of 10.4% for the year 2024, after approving the highest cash dividend in its history of about 800 million riyals (10 riyals per share). According to the Financial Analysis Unit at Al-Eqtisadiah newspaper, these dividends represent an increase of 186% from their levels in 2023, which amounted to 280 million riyals, at 3.5 riyals per share, a…