SAPTCO board to withhold dividend for 2020

09/02/2021 Argaam

Saudi Public Transport Co.’s (SAPTCO) board of directors recommended withholding cash dividend for 2020, the company said in a bourse filing.

 

The company further clarified that the decision will support cash liquidity and its financial position.

 

The decision is pending approval of the general assembly.

 

According to data compiled by Argaam, SAPTCO reported net loss after Zakat and tax of SAR 302 million in the first nine months of 2020, versus net profit of SAR 74.5 million in prior-year period.

 

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