Sadr’s OGM approves dividend freeze for 2023

12/06/2024 Argaam
Logo ofSadr Logistics Co.

Logo of Sadr Logistics Co.

Sadr Logistics Co.’s shareholders approved the board recommendation to withhold cash dividends for 2023, during the ordinary general meeting (OGM) held on June 11, according to a statement to Tadawul.

 

According to data compiled by Argaam, in March, the board proposed a dividend freeze for 2023 to boost the company's financial position as well as support future expansions and projects.

 

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