Riyadh — Mubasher: The board of Al Modawat Specialized Medical Company 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 second of three equal installments from a total dividend pool of SAR 4.28 million.
The distribution will be paid at a rate of SAR 0.02 per share, based on 71.25 million outstanding shares. This dividend reflects 2% of the share's nominal value.
According to the company’s disclosure, the eligibility date for shareholders is set for 18 October 2026, with the actual payment scheduled to commence on 1 November 2026.
The board’s decision, finalized on 2 September, follows a structured plan to divide the semi-annual dividend into three tranches of SAR 1.43 million each.
The company reminded non-resident foreign investors that cash distributions made through resident financial intermediaries are subject to a 5% withholding tax in accordance with Saudi Arabian income tax regulations.
Shareholders are advised to update their banking information to ensure the direct deposit of funds.
