14-05-2025
Saudi Cable receives SAR 15.3M dividend from Midal Cables
Saudi Cable Co. (SCC) received a Q1 2025 dividend of SAR 15.3 million from its associate, Midal Cables Co., on May 13, the company said in a statement on Tadawul.
The board of Midal Cables approved, on May 8, a dividend payout for Q1 2025.
The dividend will support SCC's working capital and raise its manufacturing capacity utilization.
The dividend is projected to have a positive financial impact as of Q2 2025, the statement said.
