Mayar Holding board recommends dividend freeze for 2022

22/06/2023 Argaam

Mayar Holding board recommends dividend freeze for 2022

Logo of Mayar Holding Co.

Mayar Holding Co.’s board of directors recommended, on June 21, withholding dividend for 2022, according to a statement to Tadawul.

 

The dividend freeze is aimed to finance expansions in the company’s existing and future business in line with its strategy, in addition to supporting cash liquidity and strengthening the company's financial position. 

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