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. 

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