Nayifat shareholders authorize board to pay interim dividends for 2024

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Logo of Nayifat Finance Co.

Nayifat Finance Co. approved authorizing the board of directors to pay interim dividends on a semi-annual or quarterly basis for 2024 at the company’s ordinary general meeting (OGM) on June 10, according to a statement to Tadawul.

Shareholders also approved discharging the board members from liability for 2023, the statement added.

Last year, the company distributed bonus shares at one-for-five to increase capital from SAR 1 billion to SAR 1.2 billion, with no cash dividends paid, Argaam reported.