Saudi Cable receives SAR 15.3M dividend from Midal Cables

14/05/2025 Argaam
Logo ofSaudi Cable Co.

Logo of Saudi Cable Co.

Saudi Cable Co. (SCC) received a Q1 2025 dividend of SAR 15.3 million from its associate, Midal Cables Co., on May 13, the company said in a statement on Tadawul.

 

The board of Midal Cables approved, on May 8, a dividend payout for Q1 2025.

 

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The dividend will support SCC’s working capital and raise its manufacturing capacity utilization.

 

The dividend is projected to have a positive financial impact as of Q2 2025, the statement said.

 

According to data available on Argaam, SCC holds a 50% stake in Midal Cables.

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