INMAR REAL ESTATE DECLARES 12 MILLION SAR CASH DIVIDEND FOR H1 2026

Riyadh, Saudi Arabia — Inmar Company for Real Estate Development and Investment approved a cash dividend of 12 million SAR for the first half of 2026. The board passed the resolution on September 15, 2026. Shareholders will receive 0.030 SAR per share, representing 3% of par value, across 40 million eligible shares.

Dividend Details

Inmar set the eligibility date for September 24, 2026. Shareholders on record that day will qualify for the payout. Distribution follows on October 11, 2026, channeled through the Securities Depository Center Company, known as Edaa. Edaa will transfer funds directly to shareholders’ investment accounts via their respective custodians.

Inmar urges all shareholders to update their personal and banking information with their custodians before the eligibility date. Outdated records could delay receipt of dividend payments. Shareholders with questions can contact Inmar’s Investor Relations team directly at IR@INMAR.SA.

Why It Matters

• The total payout of 12 million SAR signals Inmar’s willingness to return capital to shareholders mid-year, not just at year-end.
• Non-resident foreign shareholders face a 5% withholding tax on dividends under Article 68 of Saudi Arabia’s Income Tax Law and Article 63 of its Implementing Regulations.
• Non-resident investors holding valid tax exemption certificates from the Zakat, Tax and Customs Authority must contact Inmar within three calendar days of the September 24 eligibility date to submit supporting documents.
• Failure to submit exemption documents within the window will result in the full 5% withholding tax being applied automatically.

What This Means for Investors

• At 0.030 SAR per share on a par value of 1.00 SAR, the dividend yield on par stands at exactly 3% — a modest but consistent interim return.
• The October 11 distribution date gives investors a clear, short timeline from eligibility to payment, reducing uncertainty around cash flow timing.
• Non-resident shareholders should act immediately after September 24 to protect any tax exemption entitlements — the three-day window is tight and non-negotiable.
• Updating custodian records before the eligibility date is essential; Inmar has placed that responsibility squarely on the shareholder.

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THE SAUDI STANDARD’S VIEW: INMAR’S INTERIM DIVIDEND SIGNALS DISCIPLINED CAPITAL MANAGEMENT IN SAUDI REAL ESTATE

Inmar Company for Real Estate Development and Investment’s decision to distribute 12 million SAR as a mid-year cash dividend reflects a calculated approach to shareholder value that deserves careful attention from investors tracking Saudi Arabia’s listed real estate sector. While the absolute figure is modest, the strategic implications of a structured interim payout reach beyond the numbers themselves.

• A MID-YEAR PAYOUT SIGNALS FINANCIAL CONFIDENCE

Committing to an interim dividend rather than consolidating returns into a single annual distribution indicates that Inmar’s balance sheet can support predictable capital returns without straining operational liquidity. For investors, this behavioral pattern is a meaningful indicator of management’s confidence in near-term cash flow visibility. Companies that sustain mid-year distributions typically demonstrate stronger treasury discipline than those that defer all shareholder returns to year-end.

• TAX COMPLIANCE WINDOW CREATES REAL RISK FOR FOREIGN INVESTORS

The three-calendar-day exemption submission window following the September 24 eligibility date imposes a tight operational burden on non-resident shareholders holding valid tax certificates. Missing this deadline results in an automatic 5% withholding deduction with no apparent recourse, making pre-eligibility preparation essential rather than optional. Foreign institutional investors in particular should treat this procedural requirement as a material compliance obligation, not an administrative formality.

• CUSTODY INFRASTRUCTURE EFFICIENCY UNDER SCRUTINY

The routing of dividend payments through Edaa directly into shareholder investment accounts via custodians reflects Saudi Arabia’s maturing capital markets infrastructure, but it also places execution risk at the custodian level. Shareholders with outdated banking or personal records bear the full cost of payment delays, underscoring the importance of maintaining current custodian records as a standing investor responsibility. This structural arrangement is increasingly standard across Tadawul-listed companies and investors should manage their profiles accordingly.

• YIELD ON PAR OFFERS STABILITY, NOT GROWTH SIGNALING

A 3% yield calculated on par value positions this dividend as a baseline income return rather than a signal of exceptional earnings performance or accelerated asset monetization. For income-oriented investors, consistency of payout matters more than magnitude, and Inmar’s structured approach supports a conservative but reliable return profile. Growth-focused investors will look to subsequent disclosures on project pipeline and asset valuations to assess whether the underlying business warrants premium positioning within the real estate sector.

Inmar’s interim dividend announcement fits squarely within the broader trajectory of Saudi Arabia’s capital markets evolution under Vision 2030, where deepening investor participation and improving market transparency are central objectives. As the Kingdom continues to develop its real estate sector as a pillar of economic diversification, consistent dividend behavior from listed developers strengthens the investment case for the sector and reinforces Tadawul’s growing appeal to both domestic and international capital allocators.