Riyadh – Mubasher: The board of Saudi Manpower Solutions Company (SMASCO) has approved a cash dividend distribution totaling SAR 60 million for the first half (H1) of 2026.
The payout reflects the company’s financial performance during the six-month period that ended on 30 June 2026.
The distribution is set at SAR 0.15 per share, representing 15% of the nominal share value. A total of 400 million shares are eligible for the dividend payment.
According to the company’s regulatory filing, the board reached this decision during its meeting held on 19 August 2026.
Eligibility for the dividend is scheduled for 27 August for shareholders registered with the Securities
Depository Center Company (Edaa) by the end of the second trading day following the eligibility date.
The company confirmed that the distribution process will commence on 9 September 2026.
SMASCO reminded non-resident investors that dividend transfers made through resident financial intermediaries are subject to a 5% withholding tax.
This deduction is in accordance with Article 68 of the Income Tax Law and Article 63 of its Implementing Regulations.
Shareholders are encouraged to update their bank account data to ensure the timely receipt of funds.
In H1-26, the group’s net profits jumped by 33.10% to SAR 93.19 million from SAR 70.01 million a year earlier.
