MARAFIQ shareholders authorize board to pay 2023 interim dividend

A water treatment plant

Power and Utility Company for Jubail and Yanbu’s (MARAFIQ) shareholders approved authorizing the board of directors to pay an interim dividend on a semi-annual basis for 2023, during an ordinary general meeting (OMG) held on May 17.

In a statement to Tadawul, the company pointed out that shareholders also approved all the other OGM items.

MARAFIQ distributed a cash dividend at SAR 1.1 per share, or 11% of capital, for the second half of 2022, Argaam earlier reported.

This is the first dividend announced by MARAFIQ since its listing in the Saudi Exchange in November 2022.