‎MESC declares first dividend since 2010 at 5%

‎MESC declares first dividend since 2010 at 5% ‎MESC declares first dividend since 2010 at 5%

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Logo ofMiddle East Specialized Cables Co. (MESC)

Middle East Specialized Cables Co. (MESC) said its board of directors recommended a cash dividend at 5% of capital, or SAR 0.50 per share, for H1 2025, according to a statement to Tadawul.

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Dividend Details (H1 2025)

Current Capital

SAR 400 mln

Number of Shares

40 mln

Total Dividend

SAR 20 mln

Dividend Percentage

5% (SAR 0.5 per share)

Record date

To shareholders registered with Edaa at the end of the second trading day following the EGM date

Payment Date

To be announced later

According to data available with Argaam, this will be the company’s first cash dividend distribution since 2010, as its last dividend distribution was at 10%, or SAR 1 per share, for 2009.

For more news on listed companies

 

Logo ofMiddle East Specialized Cables Co. (MESC)

Middle East Specialized Cables Co. (MESC) said its board of directors recommended a cash dividend at 5% of capital, or SAR 0.50 per share, for H1 2025, according to a statement to Tadawul.

Dividend Details (H1 2025)

Current Capital

SAR 400 mln

Number of Shares

40 mln

Total Dividend

SAR 20 mln

Dividend Percentage

5% (SAR 0.5 per share)

Record date

To shareholders registered with Edaa at the end of the second trading day following the EGM date

Payment Date

To be announced later

According to data available with Argaam, this will be the company’s first cash dividend distribution since 2010, as its last dividend distribution was at 10%, or SAR 1 per share, for 2009.

For more news on listed companies

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