Savola board recommends no dividend for 2023

07/02/2024 Argaam
Logo ofSavola Group

Logo of Savola Group

Savola Group’s board of directors recommended on Feb. 6 paying no dividends for 2023, the company said a statement to Tadawul.

 

The decision aligns with the board’s recommendation on a rights issue to enhance the company’s financial position and enable it to distribute its entire stake of 34.52% in Almarai to shareholders.

 

The decision is subject to the approval of regulatory authorities and Savola’s shareholders, the statement added. 

Comments {{getCommentCount()}}

Be the first to comment

{{comment.FollowersCount}}
{{comment.CommenterComments}}

رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}

{{comment.DisplayName}} حساب موثّق

{{comment.ElapsedTime}}
{{comment.Replies.length}}
تعديل
loader Train
Report
loader Train
Sorry: the validity period has ended to comment on this news
Opinions expressed in the comments section do not reflect the views of Argaam. Abusive comments of any kind will be removed. Political or religious commentary will not be tolerated.