TAWUNIYA BOD Recommends SAR 225 Million Cash Dividend for 2024

The Company for Cooperative Insurance (TAWUNIYA) announced on Monday the Board of Directors’ recommendation to distribute SAR 225 million in cash dividends to its shareholders for the fiscal year 2024, equivalent to 15% of the nominal share value.

The Company explained that the number of shares eligible for dividends amounted to 150 million shares, with a dividend of SAR 1.5 per share.

According to the announcement published on Tadawul, the Insurance Authority’s non-objection to the distribution of cash dividends to shareholders for the fiscal year 2024 was obtained.

The cash dividends will be due to shareholders registered in the Company’s shareholder registry at the end of the second trading day following the date of the General Assembly Meeting.