Al-Modawat Specialized Medical Co. announces the board of director’s decision to distribute cash dividends for The first half of the 2026 fiscal year ( First payment )
| Element List | Explanation |
|---|---|
| Introduction | The Board of Directors of Al-Modawat Specialized Medical Co., in its meeting held on 20/03/1448 , corresponding to 02/09/2026, decided to distribute cash dividends to the Company’s shareholders for the first half of the 2026 financial year, totaling SAR 4,275,000. The dividends will be paid in three installments, with each installment amounting to SAR 1,425,000. This announcement relates to the first installment of these dividends. |
| Date of the board’s decision | 2026-09-02 Corresponding to 1448-03-20 |
| The Total amount distributed | 1,425,000 Saudi Riyals |
| Number of Shares Eligible for Dividends | 71,250,000 |
| Dividend per share | 0.02 |
| Percentage of Dividend to the Share Par Value (%) | 2 |
| Eligibility date | 2026-09-16 Corresponding to 1448-04-05 |
| Distribution Date | 2026-10-01 Corresponding to 1448-04-20 |
| The name of other official authorities and the details of their non-refusal to the recommendation or decision | Not Applicable |
| Additional Information | The Company’s decision includes distributing dividends of SAR 4,275,000, in three installments. Each installment is SAR 1,425,000, with different entitlement and payment dates. This announcement relates to the first installment. The Company reminds its valued shareholders to update their bank details to ensure that the cash dividends are deposited directly into their bank accounts. The Company would also like to remind non-resident foreign shareholders that cash dividends transferred through a resident financial intermediary will be subject to a 5% withholding tax when transferred to or credited to the intermediary’s bank account, in accordance with Article 68 of the Income Tax Law and Article 63 of its Implementing Regulations. |
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