Tawuniya to Distribute Cash Dividends for 2023 at SAR 1 per Share

Tawuniya announced on Sunday its plan to distribute cash dividends to shareholders for the fiscal year 2023. The Board of Directors has recommended a total distribution of 150 million riyals, equivalent to 10% of the nominal value of the share.

According to a statement released on Tadawul, the cash dividend will be at a rate of one riyal for each of the 150 million shares entitled to dividends. Shareholders eligible for the cash dividends are those who own shares registered in the company’s shareholder register at the end of the second trading day following the date of the company’s general assembly. The date of the general assembly will be announced later.