Saudi Marketing Co., which operates Farm Superstores, suspends 2025 dividend payouts after shareholders approve the board’s recommendation. The decision follows a vote held on June 7, marking a shift in financial strategy for the retail chain. No further details on the rationale or duration of the freeze have been disclosed.
Saudi Marketing Co.’s Farm Superstores board decides to **withhold dividends for shareholders in 2025**. The move follows a board meeting on March 30, where no payout was approved. The company operates a chain of farm supply and retail superstores in Saudi Arabia.
Farm Superstores reappoints Hazem Al Aswad as Chairman and Maher Al Aswad as Vice Chair and Managing Director. The Saudi Marketing Co.-owned retail chain confirms the board’s decision on March 24. Both roles remain within the Al Aswad family leadership structure.
Saudi Marketing Co.’s Farm Superstores shareholders vote to freeze cash dividends for 2024, following the board’s recommendation. The decision reflects a strategic financial adjustment amid market conditions. No alternative payouts or explanations were disclosed in the announcement.
