Buruj board recommends no dividend for 2024

26/03/2025 Argaam
Logo ofBuruj Cooperative Insurance Co.

Logo of Buruj Cooperative Insurance Co.

Buruj Cooperative Insurance Co.’s board of directors recommended on March 25 to withhold dividends for 2024.

 

The decision seeks to support and strengthen the company’s financial position, the insurer said in a statement to Tadawul.

 

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The recommendation will be submitted for approval in the upcoming shareholder meeting.

 

According to data compiled by Argaam, Buruj last paid dividend in 2019 at 10% (SAR 1 per share) for 2018.

 

The company’s net profit dropped 53% to SAR 9.4 million in 2024 from SAR 20.1 million a year earlier.

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