SACO board recommends no dividend for 2023

07/03/2024 Argaam

SACO board recommends no dividend for 2023

Logo of Saudi Company for Hardware (SACO) 

Saudi Company for Hardware’s (SACO) board of directors recommended, on March 6, withholding dividend for 2023, according to a statement to Tadawul.

 

The reason for recommendation is to strengthen the financial position of the company and to achieve its turnaround objectives, the company said.

 

The statement pointed out that the proposal is pending the approval of the upcoming general assembly.

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