Obeikan Glass says previously announced cash dividends will be for H2 2023
Obeikan Glass manufacturing facility
Obeikan Glass Co. stated that the previously announced cash dividend will be for the second half of 2023, according to a statement to Tadawul.
The total distribution amount, profit entitlements, and dates remain unchanged from the previous announcement, the statement added.
Obeikan Glass’s board of directors approved last December the payment of a cash dividend at 20% of capital, or SAR 2 a share, for 2023, according to data compiled by Argaam.
Dividend Details (H2 2023) |
|
Current capital |
SAR 320 mln |
Number of shares* |
32 mln |
Total dividend |
SAR 64 mln |
Percentage of capital |
20% (SAR 2 per share) |
Record date |
March 25, 2024 (Shareholders registered with Edaa on the second trading day after the record date) |
Payment date |
April 1, 2024 |
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