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Ruwasi: Dividends and Sukuk returns delayed
Rawasi Construction Investment Company announced that it will be unable to distribute cash profits for the fiscal year 2025 due to challenging financial conditions. The company is directing its cash flows to support ongoing activities and the continuous implementation of its financial restructuring plan and debt scheduling, with a focus on improving its financial position and enhancing liquidity management efficiency. Additionally, the company has canceled the periodic distribution of returns on the sukuk due from March to September 2026 as a result of borrowing and current liquidity constraints. It is working on implementing measures to strengthen cash flows and achieve financial stability while safeguarding shareholders' rights.
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