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Saudi Cable Company announces receipt of the partners' dividend distribution from Midal Cables Company (the associate company)
| Element List | Explanation |
|---|---|
| Announcement Detail | Saudi Cable Company is pleased to announce that based on the decision of the Board of Directors of Midal Cables Company (the associate company) on 08/05/2025, to distribute dividends to partners for the first quarter of the fiscal year 2025, the approved dividends were received on 13/05/2025. The Saudi Cable Company's share of it is 15,312,492 (fifteen million three hundred twelve thousand four hundred and ninety-two riyals). Which will support working capital and raise the manufacturing capacity rates of the Saudi Cable Company. This distribution is expected to have a positive financial impact on the company in the second quarter of 2025. |
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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