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Sadr Logistics Co. announces the board of director's decision to not distribute dividends for 2023
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SADR
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1445/09/11 21/03/2024 15:45:49
| Element List | Explanation |
|---|---|
| Introduction | Sadr Logistics Co. announces the Board of Directors' recommendation not to distribute cash dividends to shareholders for the fiscal year ending on 31/12/2023. |
| Date of the board’s decision | 2024-03-21 Corresponding to 1445-09-11 |
| Reasons for Not Recommending Distribution | Strengthening the company's financial position and supporting the company's upcoming expansions and projects. |
| Additional Information | This recommendation will be presented for voting during the next general assembly meeting of the Company, the date of which will be determined later after taking approval from official authorities. |
The Capital Market Authority and Saudi Exchange take no responsibility for the contents of this disclosure, make no representations as to its accuracy or completeness, and expressly disclaim any liability whatsoever for any loss arising from, or incurred in reliance upon, any part of this disclosure, and the issuer accepts full responsibility for the accuracy of the information contained in it and confirms, having made all reasonable enquiries, that to the best of their knowledge and belief, there are no other facts or information the omission of which would make the disclosure misleading, incomplete or inaccurate.
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