Bawan Co. Approves SAR 36 Million in Dividends for First Half of the Year

Strategic Insights -

Bawan Co., a prominent company in the Saudi market, announced that its board of directors has approved the distribution of SAR 36 million in cash dividends for the first half of the year. This decision was reached on the same date, August 4, 2024, and will result in a dividend of 0.60 SAR per share for 60 million shares, totaling 6% of the share's par value. Eligible shareholders as of September 26, 2024, will receive their payments by October 10, 2024.

Key Takeaways:

  • Bawan Co. has approved the distribution of SAR 36 million in cash dividends for the first half of the year.
  • The dividend will be 0.60 SAR per share for 60 million shares, totaling 6% of the share's par value.
  • The dividend distribution will be made among 60 million shares, with eligible shareholders as of September 26, 2024, receiving payments by October 10, 2024.
  • Bawan Co. encourages its shareholders to ensure their bank account numbers are linked to their investment portfolios to facilitate direct deposit of dividends.
  • The company has established a contact point for further assistance, with shareholders able to reach out to the Investor Relations Department at 0112917799 EXT 1700 or 1701.
  • The Capital Market Authority and Saudi Exchange have noted that they do not bear any responsibility for the contents of this announcement.

Statistics:

  • SAR 36 million: The total amount of cash dividends approved for distribution.
  • 60 million shares: The number of shares that will receive the dividend.
  • 0.60 SAR per share: The dividend amount per share.
  • 6%: The percentage of the share's par value represented by the dividend.
  • The dividend will be distributed by October 10, 2024, 14 days after the eligibility cut-off date of September 26, 2024.

Sources:

  • Bawan Co. announcement as published on the Saudi Exchange on August 4, 2024.