Saudi Pharmaceutical Industries and Medical Appliances Corp. announces the board of director's decision to not distribute dividends for 01-01-2023 – 31-12-2023

Saudi Pharmaceutical Industries and Medical Appliances Corp. announces the board of director's decision to not distribute dividends for 01-01-2023 – 31-12-2023

Element List

Explanation

Introduction

Saudi Pharmaceutical Industries and Medical Appliances Corp. announces the board of directors' recommendation to not distribute dividends for Fiscal year ended in 31 December2023.

Date of the board’s decision

2024-03-29 Corresponding to 1445-09-19

Reasons for Not Recommending Distribution

Due to the company recorded losses, the vote will be communicated with the general assembly of shareholders during its upcoming meetings.

Additional Information

The Board recommendation to not distribute cash dividends for the year 2023 shall be presented to the next General Assembly Meeting for endorsement.

Saudi Pharmaceutical Industries and Medical Appliances Corp. announces the board of director's decision to not distribute dividends for 01-01-2023 - 31-12-2023