Al-Modawat board approves 14% dividend for H1 2024

01/09/2024 Argaam
Logo ofAl-Modawat Specialized Medical Co.

Logo of Al-Modawat Specialized Medical Co.

Al-Modawat Specialized Medical Co.’s board of directors decided, on Aug. 31, distributing a cash dividend at 14% of capital, or SAR 0.14 a share, for H1 2024, according to a statement to Tadawul.

 

Dividend Details for H1 2024

Current Capital

SAR 23.8 mln

Number of Shares

23.8 mln

Nominal Value

SAR 1

Total dividend

SAR 3.33 mln

Payout Ratio

14% (SAR 0.14 a share)

Record Date

Oct. 31, 2024

Payment Date

Nov. 14, 2024

 

According to data available on Argaam, shareholders approved in June the reduction of the stock’s par value from SAR 10 to SAR 1, while maintaining the company’s capital intact.

 

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