SACO board recommends dividend freeze for H1 2021

01/08/2021 Argaam

A branch of SACO

Saudi Company for Hardware’s (SACO) board of directors recommended, on July 29, withholding the distribution of cash dividend to shareholders for H1 2021.

 

The recommendation aims to support project development, the company said in a bourse statement.

 

The board’s recommendation will be presented to the upcoming general assembly meeting for approval.

 

According to data compiled by Argaam, SACO’s Q2 2021 net profit fell by 56% year-on-year (YoY) to SAR 14.4 million.

 

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

Comments {{getCommentCount()}}

Be the first to comment

{{Comments.indexOf(comment)+1}}
{{comment.FollowersCount}}
{{comment.CommenterComments}}

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

{{comment.DisplayName}} حساب موثّق

{{comment.ElapsedTime}}
loader Train
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.

Most Read