31 Mar

Fitaihi Group Announces the Decision of the Board of Directors of Non-Disbursement of Cash Dividends to Shareholders for the Fiscal Year 2023

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FITAIHI GROUP
1445/09/21     31/03/2024 08:09:38

 

Element List Explanation
Introduction Fitaihi Holding Group announces the decision of the Board of Directors of non-disbursement of cash dividends to the shareholders for the fiscal year 2023.
Date of the board’s decision 2024-03-28 Corresponding to 1445-09-18
Reasons for Not Recommending Distribution The board of directors’ decision of non-disbursement of cash dividends for the fiscal year 2023 is due to the need to strengthen the cash liquidity and the Company’s financial position.
Additional Information It is worth mentioning that Fitaihi Group disbursed cash dividends amounting to SAR 11 mln. (40 Halalas per share) on May 18, 2023 (4% of the nominal value per share) for the fiscal year 2022.

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