Riyadh – Mubasher: The shareholders of Taiba Investments Company approved the board’s recommendation to disburse cash dividends amounting to SAR 169.29 million for 2023.
Eligible shares will receive a dividend of SAR 0.65 per share, representing 6.50% of the share nominal value.
Meanwhile, the payment date for the dividends will be unveiled at a later time, according to a bourse disclosure.
The shareholders greenlighted the dividends proposal during the ordinary general meeting (OGM) that was held on 20 May 2024.
In 2023, Taiba Investments logged 21.33% year-on-year (YoY) lower net profits at SAR 109.80 million, compared to SAR 139.57 million.
