Riyadh — Mubasher: Al Modawat Specialized Medical Company’s board of directors has approved the distribution of SAR 1.43 million in cash dividends to shareholders for the first half (H1) of 2026.
This payout represents the third installment of a total planned distribution of SAR 4.28 million, which the company divided into three equal tranches of SAR 1.43 million each.
The distribution will be allocated across 71.25 million eligible shares, resulting in a dividend of SAR 0.02 per share. This figure represents 2% of the share's nominal value. According to the company's disclosure, the eligibility date for this third tranche is set for 16 November, with the subsequent payment scheduled for 1 December.
The company noted that dividend payments to non-resident foreign investors will be subject to a 5% withholding tax in accordance with local income tax regulations.
Shareholders have been advised to update their banking information to ensure the direct deposit of funds. The board's decision was finalized during a meeting held on 2 September.
