Saudi Aramco Base Oil Co.’s (Luberef) shareholders are set to vote on the payment of a cash dividend at 50% of capital, or SAR 5 a share, for H2 2023, during the extraordinary general meeting (EGM) that will be held on March 28, as follows:

 

Cash Dividends (H2 2023)

Current Capital

SAR 1.68 bln

No. of Shares*

168.75 mln

Total Dividends

SAR 841.28 mln

Percentage of Capital

50% (SAR 5 a share)

Record Date

The end of trading on the day of the general assembly (to be announced later), and for shareholders registered with Edaa on the second trading day following the record date.

Payment Date

15 business days from eligibility date

*Number of eligible shares is 168.26 mln

 

Total Dividend (2023)

Total Dividend

SAR 1.68 mln

Percentage of Capital

100% (SAR 10 a share)
 

Meanwhile, shareholders will vote on authorizing the board of directors to distribute cash dividend for 2024 on a semiannual or quarterly basis, the company said in a statement to Tadawul.

 

In addition, they will vote on amending the company’s bylaws in accordance with the new Companies Law, and rearranging and numbering the articles of the bylaws in alignment with the proposed amendments, the statement added.

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