eXtra shareholders authorize board to pay interim dividends for 2023

Logo of United Electronics Co. (eXtra)

Shareholders of United Electronics Co. (eXtra) approved authorizing the board of directors to distribute interim dividends on a semi-annual or quarterly basis for 2023, during an ordinary general meeting (OGM) held on May 1.

Shareholders also approved all agenda items, including a number of business contracts, in which board members have an indirect interest.

eXtra board of directors declared, on April 12, a 20% cash dividend, or SAR 2 per share, for the second half of 2022. The dividend will be paid on June 4, according to data available with Argaam.

The company paid a 25% cash dividend at SAR 2.5 per share for H1 2022.