Sammaan Capital Limited — Board Meeting, 16-05-2025: Outcome of Board Meeting
16-05-2025 | 03:17 pm
16-05-2025 | 03:17 pm
The company has announced a board meeting approving the consolidated financial results for the quarter and half-year. It declared a dividend of 15% to reward shareholders. Plans to raise capital through a preferential allotment to institutional investors were greenlit, aiming to strengthen the balance sheet and fuel expansion. Additionally, a new independent director with extensive industry experience was appointed to enhance governance. Operationally, the firm is progressing on its merger plans to consolidate market position. Overall, these moves reinforce growth ambitions and shareholder value creation.
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