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AlBabtain Food shareholders OK 5% dividend for H1 2023
AI Summary
Content Summary: 
Logo of Abdulaziz and Mansour Ibrahim AlBabtain Co. (AlBabtain Food)
Abdulaziz and Mansour Ibrahim AlBabtain Co.’s (AlBabtain Food) shareholders approved the board of directors’ recommendation to distribute a cash dividend of SAR 0. 5 per share, or 5% of capital, for H1 2023 during the ordinary general meeting (OGM) held on May 30, the company said in a statement to Tadawul.
|
Dividend Details (H1 2023) |
|
|
Current capital |
SAR 34 mln |
|
Number of shares |
3.4 mln |
|
Dividend |
SAR 1.7 mln |
|
Percentage of capital |
5% (SAR 0.5 per share) |
|
Record date |
May 30, 2024 |
|
Payment date |
June 12, 2024 |
Additionally, shareholders approved authorizing the board of directors to distribute interim dividends on a semi-annual or quarterly basis for 2024, the statement added.
They also elected the comapny’s board members for the next three-year session, ending on Feb. 23, 2027, namely Mansour Albabtain, Abdulaziz Albabtain, Abdullah Albabtain, Saud Alhadlaq, Hamad Al-Salama, and Mohammed Al-Aleeq.
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