MARAFIQ EGM to vote on transferring SAR 342M reserve to retained earnings on July 24

13/06/2024 Argaam
Logo ofPower and Water Utility Company for Jubail and Yanbu (MARAFIQ)

Logo of Power and Water Utility Company for Jubail and Yanbu (MARAFIQ)

Shareholders of Power and Water Utility Company for Jubail and Yanbu (MARAFIQ) will vote on transferring SAR 342 million from the statutory reserve as of Dec. 31, 2023, to retained earnings during the extraordinary general meeting (EGM) slated for July 24.

 

They will also vote on authorizing the board of directors to distribute SAR 275 million in dividends, or SAR 1.1 per share, the company said in a statement on Tadawul.

 

The dividend stands at 11% of the stock’s nominal value.

 

For more news on listed companies

Comments {{getCommentCount()}}

Be the first to comment

{{comment.FollowersCount}}
{{comment.CommenterComments}}

رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}

{{comment.DisplayName}} حساب موثّق

{{comment.ElapsedTime}}
{{comment.Replies.length}}
تعديل
loader Train
Report
loader Train
Sorry: the validity period has ended to comment on this news
Opinions expressed in the comments section do not reflect the views of Argaam. Abusive comments of any kind will be removed. Political or religious commentary will not be tolerated.