IssuerAnnouncementDetailsV2Portlet
Saudi Cable Company announces the decision of the Board of Directors of Midal Cables Company (the associate company) to distribute the profits of the partners.
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Announcement Detail | Saudi Cable Company is pleased to announce the issuance of the decision of the Board of Directors of Midal Cables Company (associate company) in its meeting on 25/11/2024, to distribute dividends to partners for the current year 2024. The share of Saudi Cable Company is 56,250,000 (fifty-six million two hundred and fifty thousand riyals), which will support raising the manufacturing capacity of the Saudi Cable Company. This distribution is expected to have a positive financial impact on the company's working capital by increasing cash in the fourth quarter of 2024. |
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