UFG shareholders OK 10% cash dividend for 2024

18/06/2025 Argaam
Logo ofUnited Float Glass Co. (UFG)

Logo of United Float Glass Co. (UFG)

Shareholders of Arabian United Float Glass Co. (UFG) approved the board’s recommendation on paying a 10% cash dividend, or SAR 1 per share, for 2024 during the extraordinary general meeting (EGM) held on June 17, according to a Tadawul statement.

 

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Cash Dividend Details

Current Capital

SAR 170.04 mln

Number of Shares

17 mln

Total Dividend

SAR 17 mln

Percentage of Capital

10% or SAR 1 a share

Record Date

June 17, 2025 (Shareholders of record and those registered with Edaa on the second trading day following the record date) 

Payment Date

June 30, 2025
 

The EGM also approved authorizing the board of directors to distribute interim dividends on a semi-annual or quarterly basis for 2025.

 

It also ratified transferring the statutory reserve balance of SAR 26.3 million, as reported in the annual financial statements for 2024, to the retained earnings balance, the statement said.

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