Obeikan Glass board approves 20% cash dividend for H1 2022

06/09/2022 Argaam

Logo of Obeikan Glass Co.

Obeikan Glass Co.’s board of directors declared the payment of a cash dividend at 20% of capital, or SAR 2 a share, for H1 2022, according to a bourse filing.

 

Cash Dividend Details

Current Capital

SAR 240 mln

Number of Shares

24 mln

Total Dividend

SAR 48 mln

Percentage of Capital

20% or SAR 2 a share

Record Date

Sept. 12, 2022 (Shareholders registered with Edaa on the second trading day after the record date)

Payment Date

Sept. 19, 2022

 

According to the data available with Argaam, this is the first time the company will distribute dividends since its direct listing on Nomu-Parallel Market in February.

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