Al-Modawat board proposes 70% cash dividend for 2023

Logo of Al-Modawat Specialized Medical Co.

Al-Modawat Specialized Medical Co.’s board of directors recommended the payment of a cash dividend at 70%, or SAR 7 a share, for 2023, to be financed from the retained earnings, according to a statement to Tadawul.

 

Cash Dividends (2023)

Current Capital

SAR 23.8 mln

No. of Shares

2.38 mln

Stock Nominal Value

SAR 10

Total Dividends

SAR 16.6 mln

Percentage of Capital

70% (SAR 7 a share)

Record Date

Shareholders of record and those registered with Edaa on the second trading day following the general meeting date.

Payment Date

To be determined later
 

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