SAPTCO board recommends dividend freeze for 2021

28/03/2022 Argaam
Logo of Saudi Public Transport Co.

Logo of Saudi Public Transport Co.

Saudi Public Transport Co.'s (SAPTCO) board of directors recommended, on March 27, withholding dividends for 2021, the company said in a filing to Tadawul today, March 28.

 

The recommendation aims to support the firm's liquidity and financial position.

 

The proposal is pending the approval of the upcoming ordinary general meeting.

 

SAPTCO narrowed net losses after Zakat and tax to SAR 216.2 million in 2021 from SAR 375.2 million a year earlier, Argaam reported.

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