Saudi: eXtra’s board nods to $42.6mln dividends for H2-23

Traders work at the Alistithmar Capital in Riyadh July 8, 2008.
Fahad Shadeed

The distribution date for the dividends will be on 21 March 2024, according to a bourse filing

Staff Writer, Mubasher

March 7, 2024

PHOTO
Traders work at the Alistithmar Capital in Riyadh July 8, 2008.

The board of directors of United Electronics Company (eXtra) has approved the distribution of SAR 160 million, or SAR 2 per share, in cash dividends for the second half (H2) of 2023.

The distribution date for the dividends will be on 21 March 2024, according to a bourse filing.

Eligibility will be for those who hold the share until the end of the trading session on 11 March.

eXtra recorded an 11.28% year-on-year (YoY) drop in net profit to SAR 390.49 million during 2023 from SAR 440.16 million.

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