SPIMACO Board Decides Against Dividend Distribution for 2023

Saudi Pharmaceutical Industries and Medical Appliances Corp., known as SPIMACO, revealed on Sunday the board of directors’ decision to withhold dividend distribution for the fiscal year ending on December 31, 2023. This decision comes in light of the company recording losses for the mentioned period. The board’s recommendation will be presented for a vote at the upcoming general assembly of shareholders during its scheduled meetings. Any updates regarding this decision will be communicated accordingly.