Obeikan Glass says previously announced cash dividends will be for H2 2023

07/01/2024 Argaam
Obeikan Glass manufacturing facility

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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