SAIC, subsidiary receive SAR 23.6M dividend from Obeikan Glass

03/04/2024 ِArgaam

SAIC, subsidiary receive SAR 23.6M dividend from Obeikan Glass

Logo of Saudi Advanced Industries Co. (SAIC)

Saudi Advanced Industries Co. (SAIC) and its subsidiary received cash dividends from Obeikan Glass Co., an associate company, for H2 2023.

 

In a statement to Tadawul, SAIC said that the total dividend distribution of Obeikan Glass is SAR 64 million, or SAR 2 per share. Of this, SAIC and its subsidiary received SAR 23.57 million, in accordance to their stake in the glass manufacturer.

 

SAIC and its subsidiary own 36.83% of Obeikan Glass, the statement added.

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