‎SACO board proposes dividend freeze for 2024

‎SACO board proposes dividend freeze for 2024 ‎SACO board proposes dividend freeze for 2024

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Logo ofSaudi Company for Hardware (SACO)

The board of directors of Saudi Company for Hardware (SACO), in a meeting on March 6, recommended withholding dividends for 2024, according to a statement to Tadawul.

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The decision was aimed at strengthening the company’s financial position and achieving its turnaround objectives.

This recommendation will be subject to shareholders’ approval at the upcoming general meeting, the statement added.

 

Logo ofSaudi Company for Hardware (SACO)

The board of directors of Saudi Company for Hardware (SACO), in a meeting on March 6, recommended withholding dividends for 2024, according to a statement to Tadawul.

For more news on listed companies

The decision was aimed at strengthening the company’s financial position and achieving its turnaround objectives.

This recommendation will be subject to shareholders’ approval at the upcoming general meeting, the statement added.

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