SACO board proposes dividend freeze for H2 2021

09/03/2022 Argaam
Logo ofSaudi Company for Hardware

Logo of Saudi Company for Hardware (SACO)

Saudi Company for Hardware’s (SACO) board of directors recommended withholding dividend for H2 2021, according to a bourse filing.

 

The board of directors’ decision was attributed to the company’s plans to finance the working capital.

 

This recommendation is subject to the approval of the upcoming general meeting.

 

According to data available on Argaam, SACO board of directors recommended withholding dividend for H1 2021.

 

SACO paid a cash dividend at SAR 1.25 a share for 2020 (SAR 0.5 a share for H1, and SAR 0.75 a share for H2).

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