MIS sets 2024-26 dividend policy, plans to pay minimum 50% of profit annually

Logo of Al Moammar Information Systems Co. (MIS)

Al Moammar Information Systems Co.’s (MIS) board of directors recommended a three-year dividend policy until 2026.

The policy will be submitted for shareholders’ approval at the upcoming general assembly, the date of which will be announced later.

In a statement to Tadawul, the company said that the policy aims to maintain a minimum dividend per share of 50% of net profits annually, to be paid on a quarterly basis.

Meanwhile, the dividend policy will be subject to change based on any fundamental changes in the company's strategy or any obligations to financing parties that may arise in the future.

Through this policy, the company also aims to balance cash distributions and continue to support and expand its capital base in proportion to the volume of expected growth and business expansion, the statement added.