Logo of Alwasail Industrial Co.
Alwasail Industrial Co.’s shareholders will vote on a 10% cash dividend, or SAR 0.1 per share, for 2023, during the ordinary general meeting (OGM) to be held on May 5, the company said in a statement to Tadawul.
|
Cash Dividend (2023) |
|
|
Capital |
SAR 250 mln |
|
Number of Shares |
250 mln |
|
Share Par Value |
SAR 1 |
|
Total Dividend |
SAR 25 mln |
|
Percentage of Capital |
10% (SAR 0.1 per share) |
|
Record Date |
Shareholders at the end of the trading day of the OGM date, and those registered with the Securities Depository Center Co. (Edaa) at the end of the second trading day following the record date |
|
Payment Date |
Will be announced later |
According to the statement, other agenda items include voting on the business and contracts between Alwasail and Thaqib Plastic Co. Ltd., as board member, Saleh Al-Mushayqih, has an indirect interest.
These contracts entail the grinding of the company’s damaged materials, with total transactions amounting to SAR 11.26 million in 2023, renewable annually for one year without preferential terms.
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