Riyadh – Mubasher: The board of Middle East Specialized Cables Company (MESC) has officially approved a cash dividend distribution to shareholders for the first half (H1) of 2026.
The total payout is set at SAR 24 million, representing a distribution of SAR 0.60 per share, as the company continues its commitment to delivering value to its investor base.
A disclosure on the Saudi Exchange (Tadawul) detailed the board’s resolution, which was reached on 17 June. The dividend allocation applies to a total of 40 million eligible shares. This payout reflects a distribution ratio of 6% relative to the nominal value of the shares.
The company has established a clear timeline for the entitlement and disbursement of these funds. Shareholders who own MESC stock at the conclusion of the trading session on Tuesday, 30 June, will be eligible for the dividend. These shareholders must be registered in the company’s records at the Securities Depository Center (Edaa) by the end of the second trading day following the eligibility date.
The actual distribution of the dividends is scheduled to commence on 9 July 2026. The payment process will be managed through the Securities Depository Center Company (Edaa), which will facilitate the transfer of funds directly into the investment accounts linked to the shareholders' portfolios.
To ensure a seamless and timely transfer of funds, the company has urged its shareholders to verify and update their personal and banking information with their respective financial institutions. Ensuring that investment accounts are correctly linked to current bank records is essential for the automated distribution process handled by Edaa.
