Riyadh — Mubasher: Al Modawat Specialized Medical Company’s board of directors has approved a cash dividend distribution for the first half (H1) of 2026.
The company will distribute a total of SAR 4.27 million divided into three equal installments. This announcement specifically concerns the first tranche, which totals SAR 1.43 million.
The distribution will be paid out to 71.25 million eligible shares at a rate of SAR 0.02 per share, representing 2% of the nominal share value.
Eligibility for this first payment is set for 16 September for shareholders registered at the Securities Depository Center by the end of the second trading day following the eligibility date.
The company confirmed that the payment of these dividends is scheduled to commence on 1 October.
Non-resident foreign investors will be subject to a 5% withholding tax on the transferred amounts in accordance with Article 68 of the Income Tax Law and Article 63 of its Executive Regulations.
Shareholders are urged to update their bank details to ensure the direct deposit of funds into their accounts.
In the January-June 2026 period, the net profits stood at SAR 5.96 million, an annual drop of 41.92% from SAR 10.26 million.
