SACO shareholders approve dropping 2021 cash dividends

19/05/2022 Argaam
Logo ofSaudi Company for Hardware (SACO)

Logo of Saudi Company for Hardware (SACO) 

Shareholders of Saudi Company for Hardware (SACO) approved, on May 18, the board of directors’ recommendation on paying no dividends for 2021, the company said in a statement to Tadawul. 

 

The remaining agenda items, including the contracts and transactions concluded between the company and related parties, were also approved. 

 

SACO’s board proposed no dividends for 2021 to finance the company’s working capital and ongoing development projects.

 

The company distributed a cash dividend of SAR 1.25 per share for 2020 (SAR 0.5 per share and SAR 0.75 per share for the first and second halves, respectively)

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