Maadaniyah clarifies compensation for unsubscribed rights, previous dividends

Maadaniyah details payments for unsubscribed rights, due dividends

Logo of National Metal Manufacturing and Casting Co. (Maadaniyah)

National Metal Manufacturing and Casting Co. (Maadaniyah) said shareholders can receive compensation for their unsubscribed rights issue shares, as announced on Jan. 11, 2022, from Saudi National Bank (SNB), according to Tadawul website.

The company added that shareholders who did not receive cash dividends for previous years should register on the Tadawulaty platform to ensure that their dividends are deposited.

In case a shareholder does not receive his dividends, he should visit the nearest branch of Saudi Awwal Bank (SAB) for 2007 and 2008, or SNB for 2014, 2015, 2016, and 2017.

The company urged shareholders to update their investment portfolios.

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