The Clap
Obeikan Glass Company’s (9531) board of directors decided to distribute cash dividends to shareholders for H1 2022.
The Deets
The total dividends distributed amount to SAR 48 million to be issued for 24 million shares.
Obeikan indicated that the company will pay SAR 2 per share and that shareholders before September 12, 2022, are eligible for the dividends. The dividends will be distributed starting September 19, 2022.
Obeikan
Obeikan was founded in Riyadh in 2007 and manufactures and produces all types of glass. The company also provides raw materials for the manufacturing of glass and accessories.
Why this Matters
This is the first time that the company distributes dividends to its shareholders since its listing in Nomu in February 2022.
Obeikan to issue dividends 💰
