Paper Home’s OGM authorize board to pay interim dividends for 2024

09/06/2024 Argaam
Logo ofPaper Home Co.

Logo of Paper Home Co.

Paper Home Co.’s shareholders authorized the board of directors to distribute semi-annual or quarterly dividends for 2024, during the ordinary general meeting (OGM) on June 5.

 

In a statement to Tadawul today, June 9, the company said that shareholders also greenlit the transactions and contracts with Al-Kharj Investment Co. — wholly owned by Chairman Yacoub Al-Maghrabi, where he has indirect interest.

 

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This indirect interest entails, based on the prevailing market conditions, the payment of the balance due to the related party, at a total of SAR 4.7 million. This is in addition to providing SAR 790,000 in financing to support operations at the company’s plant and the settlement of the SAR 300,000 lease of the factory land owned by Al-Maghrabi.

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