Twareat board recommends 25% cash dividend for 2024

Logo of Twareat Medical Co.

Twareat Medical Center’s (TMC) board of directors recommended, on March 10, cash dividends at 25% of capital, or SAR 0.25 a share, for 2024.

 

Dividend Details (2024)

Current capital

SAR 40 mln

Number of shares

40 mln

Dividend

SAR 10 mln

Percentage of capital

25% (SAR 0.25 per share)

Record date

Shareholders of record by the close of trading on the general assembly date and those registered with the Securities Depository Center (Edaa) at the end of the second trading day following the general assembly

Payment date

Dividing the distributed amount into five equal installments, to be paid every three months starting from the date of shareholders’ approval. The specific payment dates will be announced later.

 

This is the first dividend payout for the company since its listing on the Nomu-Parallel Market in January, according to data available with Argaam.

 

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