SACO board proposes dividend freeze for 2024

09/03/2025 Argaam
Logo ofSaudi Company for Hardware (SACO)

Logo of Saudi Company for Hardware (SACO)

The board of directors of Saudi Company for Hardware (SACO), in a meeting on March 6, recommended withholding dividends for 2024, according to a statement to Tadawul.

 

For more news on listed companies

 

The decision was aimed at strengthening the company’s financial position and achieving its turnaround objectives.

 

This recommendation will be subject to shareholders’ approval at the upcoming general meeting, the statement added.

 

SACO’s last dividend payment was in 2020 at 12.5%, or SAR 1.25 a share, data compiled with Argaam showed.

 

It also sustained SAR 14.1 million loss in 2024, compared to a loss of SAR 69 million in 2023, with Q4 2024 earnings at SAR 3.4 million.

 

 

Comments {{getCommentCount()}}

Be the first to comment

{{comment.FollowersCount}}
{{comment.CommenterComments}}

رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}

{{comment.DisplayName}} حساب موثّق

{{comment.ElapsedTime}}
{{comment.Replies.length}}
تعديل
loader Train
Report
loader Train
Sorry: the validity period has ended to comment on this news
Opinions expressed in the comments section do not reflect the views of Argaam. Abusive comments of any kind will be removed. Political or religious commentary will not be tolerated.