Mufeed shareholders authorize board to distribute interim dividends for 2025

Logo of Mufeed Co.

Mufeed Co. said its shareholders authorized the board of directors to distribute interim cash dividends for 2025 on a semiannual or quarterly basis, according to a statement to Tadawul.

Shareholders also approved the board’s recommendation to transfer the statutory reserve balance of SAR 3.49 million to retained earnings, based on the company’s financial statements for 2024.

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All other items on the meeting agenda were also approved.