SPIMACO board proposes dividend freeze for 2024

27/03/2025 Argaam
Logo ofSaudi Pharmaceutical Industries and Medical Appliances Corp. (SPIMACO)

Logo of Saudi Pharmaceutical Industries and Medical Appliances Corp. (SPIMACO) 

Saudi Pharmaceutical Industries and Medical Appliances Corp. (SPIMACO) board of directors recommended withholding dividends for 2024 to strengthen liquidity and its balance sheet, the company said in a statement to Tadawul today, March 27.

 

The move aims to strengthen its financial position and boost liquidity.

 

The recommendation is pending shareholders' voting during a general assembly. The meeting date will be set after regulatory approval.

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