Modern Mills to Distribute SAR 81.8 Million in Cash Dividends for 2023

The Board of Directors of Modern Mills Company is delighted to announce the outcomes of the Extraordinary General Assembly Meeting (First Meeting), which encompassed the endorsement of the Board’s proposal to allocate annual dividends totaling SAR 81,832,000 to the shareholders for the fiscal year 2023, at a rate of 1 SAR per share, representing 100% of the share capital.

This entitlement applies to shareholders who hold shares by the end of the trading day of the assembly date and are registered in the Company’s shareholders registry maintained with the Securities Depository Center Company (Edaa) at the conclusion of the second day following the entitlement date. The dividend distribution will commence on July 7, 2024.