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Saudi: Miahona to pay $43mln cash dividends for 2024

Riyadh – The board members of Miahona Company recommended cash dividends valued at SAR 160.92 million to shareholders for 2024, according to a bourse disclosure.

The Saudi firm will pay out a dividend of SAR 0.10 per share, equivalent to 10% of the share’s nominal value, for 160.92 million eligible shares.

The company recorded 27.95% lower net profits at SAR 41.01 million in 2024, compared to SAR 56.92 million as of 31 December 2023.

Revenues hiked by 18.69% year-on-year (YoY) to SAR 385.09 million in 2024 from SAR 324.46 million.

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