MESC’s BOD Recommends Distributing SAR 20 Million Cash Dividends for H1

Middle East Specialized Cables Company announced the Board of Directors’ recommendation to the General Assembly to distribute SAR 20 million in cash dividends to shareholders for the first half of fiscal year 2025, equivalent to 5% of the nominal value of the share.

The company explained that the number of shares eligible for dividends is 40 million shares, with a dividend of SAR 0.50 per share.

The cash dividends will be due to shareholders who own shares on the due date and are registered in the company’s shareholder registry at the Securities Depository Center (Edaa) by the end of the second trading day following the day of the General Assembly.